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Canopy Growth jumps 13% after reporting a smaller-than-expected quarterly loss (CGC)

Canopy Growth jumps 13% after reporting a smaller-than-expected quarterly loss (CGC)
REUTERS/Chris Wattie



Canopy Growth Corp. reported fiscal first quarter 2021 earnings on Monday that showed a smaller loss than Wall Street expected.A 




Shares of the company jumped as much as 13% Monday.A 




Still, the company's reported revenue missed expectations, weighed down by an 11% slump in Canadian recreational net revenue.A 




Watch Canopy Growth trade live on Markets Insider.A 




Read more on Business Insider.A 




Shares of Canadian cannabis company Canopy Growth Corp. surged as much as 13% to $18.79 per share on Monday after reporting a smaller quarterly loss than Wall Street analysts expected.A 
Here are the key numbers:A 



Adjusted loss per share: 30 cents reported, versus 35 cents (expected)




Revenue: $82.47 million (C$110.5 million), versus $84.17 million (C$112.3 million) (expected)A 



Read more: No money, no education, and no connections: Here's how Brian Burke went from a small-time house flipper to a real-estate investing magnate with over 750 deals and 3,000 units
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