Canopy Growth Corporation (NASDAQ:CGC) on Friday reported a first-quarter fiscal 2027 loss of two cents (three Canadian cents) per share, compared to the consensus loss of four cents (five Canadian cents). • Canopy Growth stock is surging to new heights today.
Why are CGC shares rallying?
The Canadian cannabis company reported sales of $58.63 million (CA$ 81.2 million), beating the consensus of $58.52 million (CA$ 82.03 million).
Revenues increased 13% year over year.
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