Shares in Canadian cannabis company Canopy Growth surged on the New York Stock Exchange (NYSE) yesterday after it reported smaller quarterly losses than expected on the back of increased year-on-year sales and cost-cutting measures.
Net first-quarter losses ending June 30 were C$128m, down from C$194m in the same period last year. Revenues were up 22% on Q1 2019 at C$110m.
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