Canopy Growth more than doubles third quarter revenue but profit falls

TORONTO _ Licensed marijuana producer Canopy Growth Corp. more than doubled its third-quarter revenue compared with a year ago but fell short of analysts’ expectations for even stronger sales.

The Smiths Falls, Ont.-based company reported revenue of $21.7 million for the quarter ended Dec. 31, more than double the $9.8 million earned in the last three months of 2016.

The results were driven by a significant increase in domestic sales as well as sales in the German medical market, chairman...

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