Canopy Growth's Horrible, Ugly Q1 Results: 3 Things You'll Want to Know

Several Canadian cannabis producers have announced pretty good, and even really good, quarterly updates. For example, Aphria and Cronos Group reported strong quarter-over-quarter sales growth.  

It seemed reasonable to conclude that the biggest cannabis producer by market cap, Canopy Growth (NYSE: CGC), would follow in their footsteps with its fiscal 2020 first-quarter update. But Canopy Growth apparently didn't get the memo.

The company reported its Q1 results after the market closed on Wednesday. And, boy, were those results ugly. Here are three things you'll want to know about Canopy's latest update. 

Continue reading

Source Fool.com