Weed grower Canopy Growth rallies after legal pot sales buoy revenue by 282%

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Cannabis producer Canopy Growth rallied Friday after it reported third-quarter revenue rose 282 percent over the last year in what represented one of Wall Street’s first looks into the legal recreational marijuana market in Canada. Here’s how the company did compared with what Wall Street expected when it reported earnings on Thursday: Net loss per share: 38 Canadian cents ($0.28) vs. a loss of 16 Canadian cents expected by analysts polled by Refinitiv.

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