A big day is approaching for marijuana stock investors. On Friday, May 29, before the opening bell, Canadian licensed producer Canopy Growth (NYSE: CGC) is set to release its fiscal fourth-quarter and full-year operating results. Being the largest pure-play pot stock by market cap, Canopy's results have a lot of sway within the cannabis industry.
According to Wall Street's consensus estimate, Canopy Growth is expected to deliver $130 million Canadian ($92.9 million U.S.) in sales, representing year-on-year growth of 38%, with a projected loss of CA$0.40 per share, which would be narrower than the CA$0.98 per-share loss in the year-ago period. For what it's worth, Canopy's loss was narrower than expected in the sequential third quarter, but substantially larger-than-expected in each of the three quarters before Q3 2020.
While there's no question that Wall Street and investors will be focused on these top-line numbers, there's going to be much more of interest than just its total sales and loss per share. Here are the five numbers investors should really home in on.