Canopy Growth (CGC) is down another 10% in after-hours following a massive revenue miss. The stock fell nearly 7% in regular trading leading the stock to dip below $29. Q1 GAAP EPS of -C$3.70 misses by C$3.29.Revenue of C$90.5M (+249.4% Y/Y) misses by C$21.27M.Adjusted EBITDA of $(92.0M) up $5.7M versus Q4 2019 inclusive of investments in US CBD expansion activity. More importantly, the revenue levels is now below both Aurora Cannabis (ACB) and Aphria (APHA). The stock might get interesting around the previous lows of $25, but a lot of shakeout still needs to occur including the hiring of a new CEO. More research - Canopy Growth: Negative Ramifications Of CEO Firing Disclosure: No position