thursday afternoon: Canopy shares have more than doubled in the past year, as the S&P 500 index SPX, 1.09% has gained 2%. Canopy's fiscal third-quarter results were being closely watched as investors sought a further look at the state of recreational cannabis sales in Canada, after rival Aurora Cannabis Inc. revealed its results earlier this week, according to Market Watch. You would have to watch very closely to find them, though The company only released results into the Canadian securities regulator's database late Thursday, just before a 45-day deadline elapsed. Canopy CGC, 3.12%WEED, 2.50% shares rose as high as 7.9% before levelling out to roughly a 3% gain in early-morning trading Friday. When asked earlier Thursday afternoon when results would arrive, a spokeswoman for the Smiths Falls, Ontario,-based company said Canopy elected to report results after the extended trading session closed to minimize the amount of time and news stories between the earnings release late Thursday and a conference call scheduled for 8 30 a.m. A guide to pot stocks What you need to know to invest in cannabis companies The pot producer reported fiscal third-quarter net income of C 67.6 million 50.9 million compared with C11 million in the prior year, and revenue grew to C 83.1 million, up from C 9.8 million in the year-earlier period, excluding excise taxes. Eastern time Friday morning.
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