Do Canopy Growth's Improved Q3 Numbers Give Investors Hope for a Turnaround?

It hasn't been a great start to the year for cannabis producer Canopy Growth (CGC 6.41%), as its shares are already down 29% this year. The stock has struggled to win over investors in recent years. A highly competitive Canadian cannabis market has made it difficult for the company to grow without burning through cash and incurring hefty losses along the way.Earlier this month, the company released its latest quarterly results, which showed a significant improvement in the bottom line. Does this indicate so ...