Weed grower Canopy Growth rallies after legal pot sales buoy revenue by 282%

Thomas Franck - finance.yahoo.com Posted 5 years ago

Canopy Growth rallied Friday morning after the company reported that third-quarter sales rose 282 percent over the past 12 months. Profit was boosted by the company's first sales of legal recreational marijuana in Canada, which accounted for more than 70 percent of gross revenue. Cannabis producer Canopy Growth CGC rallied Friday after it reported third-quarter revenue rose 282 percent over the last year in what represented one of Wall Street's first looks into the legal recreational marijuana market in Canada.

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