Canopy Growth Slips as Production, Margins Disappoint

is not seeing any green after a mixed earnings report on Friday put forward some disconcerting figures about Canadian production and pot prices. Shares of the Smiths Falls, Canada-based cannabis company were down around 7% before Friday’s opening bell after reporting a significantly larger per-share loss than anticipated for the fiscal fourth quarter as Canopy Growth was stung by shrinking margins and cultivation numbers that came up well short of expectations. Canopy Growth did report better-than-expected revenus, which rose nearly 200% for the full fiscal year, and CEO Bruce Linton attempted to assuage concerns about the road ahead.

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