Canopy Growth Shares Up Slightly In Pre-Market Trading On EU GMP Certification News
Portfolio Pulse from Nina Zdinjak
Canopy Growth Corporation (NASDAQ:CGC) has received EU GMP certification for its cannabis cultivation facility in Kincardine, Ontario. This certification allows the company to continue exporting certified medical cannabis to medical markets in Europe and globally. The company's shares traded 5.04% higher in Tuesday’s pre-market session.
October 10, 2023 | 1:18 pm
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Canopy Growth Corporation's receipt of EU GMP certification is likely to boost its global exports, positively impacting its stock price.
The EU GMP certification allows Canopy Growth to continue exporting its products to medical markets in Europe and globally. This is likely to increase the company's revenues and positively impact its stock price.
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