What's Going On With Canopy Growth Corporation Stock?
Portfolio Pulse from Erica Kollmann
Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher by more than 9% on Tuesday, despite a lack of company-specific news. The stock is attempting to recover after falling 8% in the last five days and more than 25% over the last month. The company is set to release its Q2 financial results on Nov. 9, with an expected loss of 15 cents per share and estimated quarterly revenue of $92.3 million. On Oct. 11, the company announced that it received EU GMP certification for its cannabis cultivation facility in Ontario.

October 31, 2023 | 6:22 pm
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Canopy Growth Corporation's stock is trading higher by more than 9% on Tuesday. The company is set to release its Q2 financial results on Nov. 9, which could potentially impact the stock's performance.
The rise in Canopy Growth Corporation's stock price could be due to investors' anticipation of the company's Q2 financial results. The company's recent EU GMP certification could also be contributing to the positive sentiment around the stock.
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