Canopy Growth shares surge 13.92% in premarket after Trump considers reclassifying cannabis and company reports strong Q1 earnings.
ByAinvest
Tuesday, Aug 12, 2025 6:39 am ET1min read
CGC--
Canopy Growth Corporation surged 13.92% in premarket trading, following Trump's consideration to reclassify cannabis as a Schedule III drug and the company's Q1 2026 earnings report showing a 9% year-over-year revenue increase and a 43% rise in Canadian adult-use cannabis revenue. Additionally, the company recently reduced $50M in loan debt, expecting to save $6.5M in annual interest costs.
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