When investors thought Canopy Growth (CGC) couldn’t report any worse numbers, the company shocked the market with another big miss. Digging into the numbers, the underlying trends were better than the headlines, but the leading Canadian cannabis LP has a long way to go before the business is supportive of the current valuation still around $5.2 billion.Big ChargesThe company officially reported FQ2 revenues of C$76.6 million. These revenues were hit by C$32.7 million in restructuring charges from returns and pricing allowances from the softgel and oil inventory and an inventory charge of C$15.9 million.These combined charges reduced gross margins by …read more
Source:: Yahoo Finance
