(Bloomberg) — Canopy Growth Corp. jumped 20% in pre-market trading after the world’s largest cannabis company by market value reported quarterly results that beat expectations across the board.Canopy reported a 62% quarter-over-quarter jump in net revenue to C$123.8 million, which was well ahead of the consensus estimate of C$105.4 million. Cannabis gross revenue rose 8%, and Canopy said it took top market share in the quarter ended Dec. 31, capturing 22% of Canada’s recreational pot sales.Its adjusted Ebitda loss of C$91.7 million was C$64 million narrower than the previous quarter, and beat the average analyst estimate of a C$110 million …read more
Source:: Yahoo Finance
