Pot company Canopy Growth's business nearly tripled in a year thanks to the legalization of recreational marijuana in Canada
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Canopy Growth shows surging pot sales in late-arriving earnings reportThe largest pot company by market value, Canopy Growth Corp., reported a 283% increase in quarterly revenue as marijuana became legal in Canada, but earnings were slammed by paper losses, according to a securities filing late Thursday evening.
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Weed grower Canopy Growth set to rally after legal pot sales buoy revenue by 282%Cannabis producer Canopy Growth was set to rally Friday after it reported third-quarter revenue rose 282 percent over the last year.
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Canopy Growth is rallying after beating on revenue, thanks to huge legal-marijuana sales in CanadaShares of Canopy Growth were up 5.57% to $48.69 apiece early Friday after the company reported Q3 revenue that topped Wall Street's expectations.
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Canopy Growth revenue beats expectations, rises 283% as it reports earnings
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Aurora Cannabis earnings show big growth in pot sales, but worrisome profit trendAurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin.
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Pot, soda and videogame earnings are on Wall Street’s to-do listEarnings Watch: Aurora Cannabis and Canopy Growth to show off legal-pot earnings; Pepsi and Coke square off; Nvidia and Activision follow rough week for videogame publishers
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Stocks making the biggest moves midday: XPO Logistics, Nvidia, Canopy & more
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Cannabis earnings: Pot stocks’ downturn may drown Aurora and others in red inkWhen Aurora Cannabis and Canopy Growth report earnings in the coming days, investors should watch closely for losses due to their investments in other weed companies.
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