=Canopy Growth (CGC) reported earnings on Wed 14 Aug 2019 (a/h)

Canopy Growth (CGC), the world's most valuable cannabis company, reported fiscal first-quarter sales that missed expectations and a far steeper loss than expected — the latest blow to the company following the ouster of its CEO last month and to marijuana stocks more broadly.

The Canadian marijuana grower reported a net loss of C$1.28 billion, or $961.69 million USD. Of that, C$1.12 billion was a noncash charge, due to extinguished warrants related to its deal with Constellation Brands (STZ).