Cannabis-producer Canopy Growth posts even bigger loss
Expansion plans are on hold due as surplus supply but tepid demand, and a slow rollout of stores, have taken its toll
14 November 2019 - 17:37
Bengaluru — On Thursday, Canopy Growth reported a wider-than-expected quarterly loss on soaring expenses and said it will not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products.
US-listed shares of the company were down 6.5% at $17.3 pre-market trade...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.