Canopy Growth's (CGC) stock has rallied sharply on its calendar Q4 results that included beats on the top and bottom line. Investors let out a sigh of relief after disappointing misses from other large players, particularly Aurora (ACB).
Some Signs of Stabilization
The results showed signs of stabilization. Revenues increased to C$123.8 million, up from C$76.6 million in the prior quarter or C$118.3 million excluding a charge for returns and pricing allowances taken in the prior quarter. Even excluding the charge in the prior quarter, sequential revenues were at least up,