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19.02.2020 13:32:00

3 Big Challenges Canopy Growth Faces After Its Tremendous Q3 Results

Canopy Growth (NYSE: CGC) is full of surprises these days. The company blew past Wall Street estimates with its fiscal 2020 third-quarter results last week. Its bottom line even trended in a positive direction. And while its top rival, Aurora Cannabis, emphasized the issues with the low number of Canadian retail cannabis stores, Canopy credited a growing number of retail stores as a big factor driving its revenue growth.But don't think for a minute that the road ahead is an easy one for Canopy Growth. New CEO David Klein acknowledged the difficult trek ahead in the company's Q3 conference call, stating, "Make no mistake -- we have a lot of work to do." Here are three especially big challenges that Canopy Growth still faces after its tremendous performance in Q3.Image source: Getty Images.Continue reading
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