Report: Canopy Growth stock tumbles as quarterly loss exceeds estimates.. New CEO..“As I step into my role I am focused on achieving sustainable profitability while maximizing our ability to create value in the key markets”

Canopy Growth Corporation (TSX:WEED, NYSE:CGC) shares plummeted after the Ontario-headquartered cannabis producer reported a greater-than-forecast loss for the fiscal third quarter. For the quarter ended December 31, 2024, Canopy reported a loss of C$121.9 million, down from C$216.8 million for the same period in 2023. On a per-share basis, it posted a loss per share of […]