Cannabis stocks were mostly higher Friday, as investors digested earnings from Canopy Growth Corp. and the news that Aphria Inc.’s probe of acquisitions in Latin America found certain board members had conflicts.
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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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Stocks making the biggest moves midday: XPO Logistics, Nvidia, Canopy & more
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Pot company Canopy Growth posts nearly 300% sales jumpCannabis company Canopy Growth reported strong sales thanks to legal marijuana in Canada. The company, backed by Corona owner Constellation Brands, is hoping to expand in the US with hemp and CBD products following the passage of the Farm Bill.
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Canopy Growth revenue beats expectations, rises 283% as it reports earnings
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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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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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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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Pot company Canopy Growth posts nearly 300% sales jumpCannabis company Canopy Growth reported strong sales thanks to legal marijuana in Canada. The company, backed by Corona owner Constellation Brands, is hoping to expand in the US with hemp and CBD products following the passage of the Farm Bill.
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