Canopy Growth is rallying after beating on revenue, thanks to huge legal-marijuana sales in Canada

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Cannabis producer Canopy Growth reported third-quarter revenue that beat the Wall Street consensus estimate. But its adjusted EBITDA loss was worse than expected. It was the first time the company posted financial results since Canada officially legalized the full use of marijuana in October. Watch Canopy Growth trade live. Shares of Canopy Growth were up 5.57% to $48.69 apiece early Friday after the company reported third-quarter revenue that topped Wall Street’s expectation.

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