Canopy Growth's Business Is Improving. So Why Isn't the Stock Performing Better?
Two long-standing issues continue to weigh on this cannabis stock.
Overview
As seen in Canopy Growth's (NASDAQ: CGC) latest quarterly earnings release, a turnaround remains in motion. In its fiscal 2027's first quarter, ended June 30, 2026, the Canada-based cannabis company reported net revenue of $81.2 million CAD ($58.6 million), a 13% increase compared to the prior year's quarter. More importantly, the company reported higher gross margins, a 68% decrease in net losses, and 59% drop in adjusted EBITDA losses.
While not yet a perfect situation, things are clearly improving. So then, why is this marijuana stock still languishing under $1 per share? Chalk it up to two lingering issues, headwinds that have also contributed to the stock's 33% drop over the past 12 months.
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Originally published at www.fool.com.