Canopy Growth (TSE:WEED) Releases Earnings Results

Canopy Growth (TSE:WEED) issued its earnings results on Friday. The company reported C($0.10) earnings per share for the quarter, FiscalAI reports. The business had revenue of C$81.37 million during the quarter. Canopy Growth had a negative net margin of 73.95% and a negative return on equity of 29.85%.

Canopy Growth Price Performance

Canopy Growth stock opened at C$0.92 on Friday. The company has a debt-to-equity ratio of 40.27, a quick ratio of 2.32 and a current ratio of 3.04. Canopy Growth has a 52 week low of C$0.84 and a 52 week high of C$3.28. The stock has a market capitalization of C$389.19 million, a P/E ratio of -1.37, a price-to-earnings-growth ratio of -0.01 and a beta of 2.07. The stock has a fifty day moving average of C$1.18 and a 200-day moving average of C$1.38.

Insider Buying and Selling at Canopy Growth

In related news, Director David Angelo Lazzarato sold 22,380 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of C$1.29, for a total value of C$28,870.20. Following the sale, the director directly owned 108,237 shares of the company’s stock, valued at C$139,625.73. This trade represents a 17.13% decrease in their ownership of the stock. In the last ninety days, insiders sold 43,492 shares of company stock worth $56,105. 0.21% of the stock is owned by corporate insiders.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands.