Canopy Growth shares fall 2.22% intraday after Trump's comments on marijuana reclassification and Q1 earnings report.
ByAinvest
Tuesday, Aug 12, 2025 10:30 am ET1min read
CGC--
Canopy Growth Corporation fell 2.22% intraday, following Trump's consideration to reclassify cannabis as a Schedule III drug, which could change industry tax regulations and encourage investment. The company also reported a 9% year-over-year increase in revenue for the first quarter of fiscal 2026, with adult-use cannabis revenue in Canada rising 43%. Additionally, the company recently reduced $50M in loan debt, expecting to save $6.5M in annual interest costs.
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