Canopy Growth Reports Q1 Results on Wednesday: Here’s What You Can Expect

No one was happy with Canopy Growth‘s (NYSE:CGC) fiscal 2019 fourth-quarter results announced in June. The Canadian cannabis producer’s big partner, Constellation Brands, expressed its unhappiness forthrightly in its Q1 conference call a week later. Soon thereafter, Canopy Growth founder and longtime CEO Bruce Linton received his walking papers.

Canopy reports its fiscal 2020 first-quarter results after the market closes on Wednesday. I suspect that investors will be at least somewhat happier this time around. Here’s what you can expect with Canopy Growth’s Q1 results.

Image source: Getty Images.

1. Stronger sales growth

This prediction is pretty much a no-brainer. The main question is just how much stronger Canopy Growth’s sales growth will be in Q1.

Canopy’s overall revenue increased in the fourth quarter despite the company reporting lower quarter-over-quarter adult-use recreational marijuana sales and lower medical cannabis sales. The company’s acquisition of German vaporizer device maker Storz

... read more at: https://www.fool.com/investing/2019/08/13/canopy-growth-reports-q1-results-on-wednesday-here.aspx

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