Tomorrow, Canopy Growth | WEED will announce the financial statements for their 3rd quarter before the open of markets. The majority of analysts are still expecting big losses.
It is the second major producer in a row to release its financial statements after Aurora today. Aurora, despite bad reaction from analysts closed up at $1.96 (+ 2.08%)
Today, Canopy Growth’s stock ended slightly down to close at $25.88 (-0.54%).
As for tomorrow’s figures, analysts predict revenues between $87M and $ 120M with an average of $105M.
*source yahoo finance
In addition, 21 analysts have an average target price of $29.91 on Canopy Growth. The company should also update their drinks, which has been postponed for several weeks due to a large-scale production problem.
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