Will Product Innovations Aid Canopy Growth (CGC) In Q2?
Zacks Investment Research | Nov 12, 2018 06:30AM ET
Canopy Growth Corporation (NYSE:CGC) is expected to report second-quarter fiscal 2019 results on Nov 14, before the market opens.
In the last reported quarter, the company’s loss per share of 31 cents was wider than the Zacks Consensus Estimate of a loss of 12 cents.
Let’s see, how things are shaping up prior to this announcement.
Factors at Play
Canopy Growth once again is likely to generate a strong top-line contribution from the medical cannabis market in Canada and around the world wherein it holds a leading position. Notably, the company’sSpectrum Cannabis operations are spread in 11 countries across five continents. Of late, the company made a series of strategic acquisitions in Columbia, Lesotho and Czech Republic, which in turn, should help drive its top line.
Canopy Growth Corporation Price and EPS Surprise
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