Canopy Growth (TWMJF) Releases Earnings Results

Canopy Growth (OTCMKTS:TWMJF) announced its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, Morningstar.com reports.

Shares of Canopy Growth (OTCMKTS TWMJF) traded up $0.86 during trading on Wednesday, hitting $22.07. The stock had a trading volume of 704,824 shares, compared to its average volume of 2,151,416. The firm has a market capitalization of $4,200.00, a price-to-earnings ratio of -123.06 and a beta of 3.15. The company has a quick ratio of 8.43, a current ratio of 13.16 and a debt-to-equity ratio of 0.01. Canopy Growth has a 12 month low of $4.90 and a 12 month high of $35.88.

Separately, Canaccord Genuity set a $19.00 target price on Canopy Growth and gave the stock a “hold” rating in a research report on Tuesday, December 19th.

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Canopy Growth Company Profile

Canopy Growth Corporation, through its subsidiaries, produces and sells medical marijuana in Canada. The company offers dried, oil, and softgel cannabis products. Canopy Growth Corporation also sells its products through online. The company was formerly known as Tweed Marijuana Inc and changed its name to Canopy Growth Corporation in September 2015.

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