Pot companies reel from week of bloodletting as darker clouds loom [Business News Network (BNN) Energy & Resources (Canada)]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Business News Network
Pot companies reel from week of bloodletting as darker clouds loom It was one of the worst weeks for the legal cannabis sector since pot became legal in Canada. After more than a dozen Canadian-based pot companies reported quarterly results over the past five days, it became increasingly clear the risks that had faced the industry have manifested themselves, resulting in what one analyst described as a “bloodletting.” A lack of legal retail stores, notably in Ontario, combined with a glut of cannabis held by provincial wholesalers and a decline in prices, led to a series of disappointments for investors. The results were staggering: Half of those companies - including leading producers Canopy Growth Corp. and Aurora Cannabis Inc. - reported sequential revenue declines, and no publicly-traded company was immune from a broad investor selloff in the space. The top five cannabis companies on the market – Canopy, Aurora, Aphria Inc., Tilray Inc., and Cronos Group Inc. – saw a total of $5 b
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- Canopy Growth Reports Second Quarter Fiscal Year 2025 Financial ResultsPR Newswire
CGC
Earnings
- 11/8/24 - Miss
CGC
Sec Filings
- 11/8/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 10/17/24 - Form 8-K
- CGC's page on the SEC website