Canopy Growth Stock Falls as Marijuana Sales Disappoint Investors

Connor Smith - finance.yahoo.com Posted 5 years ago

(WEED) stock gave back nearly all of its gains for the week after reporting disappointing fourth-quarter revenue from marijuana sales and a larger loss than Wall Street anticipated. As of the close of trading on Thursday, Canopy Growth stock (ticker: CGC) had gained more than 6% this week from the June 14 closing level of $41.18. Much of that came as investors awaited the results on a shareholder vote on Canopy’s deal to acquire Acreage Holdings, one of the biggest marijuana firms in the U.S.

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