Canopy Growth Corp (CGC) Form 8-K — Nov 6, 2026
Canopy Growth reported Q2 FY2027 net revenue of $81.4M, up 22% year-over-year, led by 141% growth in international cannabis revenue driven by Germany and Poland and aided by the MTL Cannabis acquisition. Profitability remains elusive: net loss widened to $40.7M from $5.0M a year ago, driven by $35.8M in fair value charges on Canopy USA assets, while gross margin fell to 29% from 33%, partly due to reduced Veterans Affairs Canada reimbursement rates. Management reiterated it is within reach of positive adjusted EBITDA during fiscal 2027, with the adjusted EBITDA loss narrowing 6% to $2.9M and free cash outflow improving to $15.5M from $19.2M.
Key figures
- Revenue
- 81400000
- Guidance
- Company expects to reach positive adjusted EBITDA during fiscal 2027
- Shares Outstanding
- 423352668
- Free cash outflow cad
- 15500000
- Cannabis revenue growth
- 0.3
- Adjusted ebitda loss cad
- 2900000
- Storz bickel revenue cad
- 15100000
- Cannabis segment net revenue cad
- 66200000
- Prior year free cash outflow cad
- 19200000
- Canopy usa fair value charges cad
- 35800000
- International cannabis revenue cad
- 12300000
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