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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Canopy Growth Corporation. - CGC
Prnewswire· 2025-02-18 23:22
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Canopy Growth Corporation and its officers or directors [1] Financial Performance - On February 7, 2025, Canopy Growth Corporation reported its financial results for the third quarter of fiscal year 2025, showing year-over-year declines in both net revenue and gross margin, leading to a wider-than-expected net loss for the quarter [2] - Following the financial report, Canopy's stock price dropped by $0.76 per share, or 27.34%, closing at $2.02 per share on the same day [2]
Canadian Gold Corp. Tartan Mine: Western Expansion Drilling Intersects More High-Grade of 11.6 gpt Gold Over 5.1 Metres & 7.1 gpt Over 6.0 Metres
Newsfile· 2025-02-18 13:00
Core Viewpoint - Canadian Gold Corp. has reported significant high-grade gold drill results from its ongoing Phase 4 drill program at the Tartan Mine, indicating strong continuity of mineralization and enhancing the deposit's viability for future mining operations [1][4]. Drilling Results - The Phase 4 drill program has successfully intersected high-grade mineralization, with 90% of the 29 holes drilled yielding potentially economic results within the Main Zone [1][4]. - Notable drill results include Hole TLMZ21-03W3, which returned 11.6 grams per tonne (gpt) gold over 5.1 metres, and Hole TLMZ21-03W2, which returned 7.1 gpt gold over 6.0 metres [5][6]. Mineral Resource Estimate - The ongoing drilling will contribute to an updated mineral resource estimate, with over 23,000 metres drilled since the last estimate in 2017, expanding the vertical extent of gold mineralization by approximately 79%, from 575 metres to 1,030 metres below surface [3][10]. Future Exploration Potential - There remains significant potential for further expansion of high-grade mineralization along both the western and eastern flanks of the Main Zone, with additional drilling planned to maximize gold ounces before the updated resource estimate and mine economics study [5][6]. Company Overview - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at a grade of 6.32 gpt [10]. The company also holds exploration properties in Ontario and Quebec adjacent to major gold mines [10].
Canadian Gold Corp. Announces Tartan Mine Delivers Rich Results
Newsfile· 2025-02-10 12:30
Core Viewpoint - Canadian Gold Corp. is experiencing positive results from ongoing exploration at the Tartan Mine Gold Project, indicating significant resource expansion and a deeper understanding of the geological potential of the site [1][2]. Exploration Results - The Phase 4 drill program has successfully targeted a large undrilled area of the Main Zone and has continued to build gold ounces along the western flank, with assays pending for deeper portions that show promise [2]. - The company has completed over 23,000 metres of drilling since the last resource estimate in 2017, expanding the vertical extent of gold mineralization by approximately 79%, from 575 metres to 1,030 metres below surface [4]. Drill Highlights - Drill hole TLMZ21-11W1 intersected a high-grade area, returning 19.4 grams per tonne (gpt) gold over 4.5 metres within a wider interval of 7.4 gpt gold over 13.5 metres, targeting a gap in the Main Zone [4][5]. - Drill hole TLMZ21-04W3 returned 8.0 gpt gold over 5.2 metres, including 12.5 gpt gold over 2.55 metres, expanding the width of the Main Zone by approximately 90% over a 50-metre stretch [4][5]. Future Plans - Additional drilling is planned to further explore the western limits of the Main Zone and to conduct deeper tests of the South Zone, aimed at maximizing potential gold ounces before updating the mineral resource estimate and mine economics study [4][2]. Company Background - Canadian Gold Corp. is focused on expanding the high-grade gold resource at the Tartan Mine, which has a 2017 indicated mineral resource estimate of 240,000 ounces of gold at 6.32 g/t and an inferred estimate of 37,000 ounces at 4.89 g/t [9]. - The company also holds exploration properties in Ontario and Quebec, adjacent to major gold mines and development projects [10].
Canopy Growth(CGC) - 2025 Q3 - Earnings Call Transcript
2025-02-07 17:30
Canopy Growth Corporation (NASDAQ:CGC) Q3 2025 Earnings Conference Call February 7, 2025 10:00 AM ET Company Participants Tyler Burns - Director, IR Luc Mongeau - CEO Judy Hong - CFO Conference Call Participants Aaron Grey - Alliance Global Partners Bill Kirk - ROTH Capital Partners Matt Bottomley - Canaccord Genuity Frederico Gomes - ATB Capital Markets Pablo Zuanic - Zuanic & Associates Operator Good morning. My name is Joanna, and I will be your conference operator today. I would like to welcome you to C ...
Canopy Growth stock tumbles as quarterly loss exceeds estimates
Proactiveinvestors NA· 2025-02-07 14:29
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Canopy Growth Corporation (CGC) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2025-02-07 14:21
Canopy Growth Corporation (CGC) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.48. This compares to loss of $1.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -58.33%. A quarter ago, it was expected that this company would post a loss of $0.38 per share when it actually produced a loss of $0.95, delivering a surprise of -150%.Over the last four quarters, the company has ...
Canopy Growth(CGC) - 2025 Q3 - Quarterly Results
2025-02-07 12:06
Exhibit 99.1 Canopy Growth Reports Third Quarter Fiscal Year 2025 Financial Results Strong holiday sales drove Storz & Bickel net revenue growth of 19% year-over-year Record quarter for Canada medical cannabis with net revenue increasing 16%; international markets cannabis net revenue grew 14% year-over-year Successfully launched Claybourne infused pre-rolls across Canada, Claybourne rose to #3 market share in the infused pre-roll category in British Columbia and Ontario after 6 weeks in market 1 SMITHS FAL ...
Canopy Growth Reports Third Quarter Fiscal Year 2025 Financial Results
Prnewswire· 2025-02-07 12:00
Strong holiday sales drove Storz & Bickel net revenue growth of 19% year-over-year   Record quarter for Canada medical cannabis with net revenue increasing 16%; international markets cannabis net revenue grew 14% year-over-year    Successfully launched Claybourne infused pre-rolls across Canada, Claybourne rose to #3 market share in the infused pre-roll category in British Columbia and Ontario after 6 weeks in market1SMITHS FALLS, ON, Feb. 7, 2025 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or ...
Canopy Growth(CGC) - 2025 Q3 - Quarterly Report
2025-02-07 11:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38496 Canopy Growth Corporation (Exact name of registrant as specified in its charter) Indicate by check mark whether the regi ...
Canopy Growth: Still A Disaster Heading Into Fiscal Q3 Results
Seeking Alpha· 2025-02-06 16:41
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