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Benzinga
Benzinga
Business
Vandana Singh

Adult-Use Cannabis Boom Powers Canopy Growth Sales, But Wider Loss Hits Margins

Canopy Growth CGC Canada
Canopy Growth

Canopy Growth Corporation (NASDAQ:CGC) reported its first-quarter 2026 financial results on Friday, announcing a wider-than-expected loss despite surpassing revenue forecasts.

The company reported a first-quarter loss of 16 cents (or 22 cents in Canadian dollars) on Friday, missing the consensus estimate of 15 cents.

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