Pot stocks are witnessing one of the worst sessions in June, and CGC stock is no different. CGC is tanking on Friday after Canopy Growth (TSX:WEED) (NYSE:CGC), the largest marijuana company by market capitalization, reported worse than estimated fourth-quarter loss.
Increased Losses, but Impressive RevenueCanadian marijuana firm Canopy Growth is among the largest operators in the industry, currently with the largest market cap. Hence, it was only natural that its latest quarterly results were highly anticipated among investors interested in the marijuana industry.
Canopy’s direct rivals like Tilray Inc (NASDAQ:TLRY), Cronos Group (TSX:CRON) ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.