Canopy Growth Corporation filed its Form 10-Q with the U.S. Securities and Exchange Commission on November 6, 2026, covering the quarterly period ended September 30, 2026, reporting a net loss of CDN$40,694 thousand for the three-month period.

Key Highlights

  • Net revenue of CDN$81,373 thousand for the three months ended September 30, 2026, compared to CDN$66,683 thousand in the same period of the prior year, according to the filing.
  • Net loss of CDN$40,694 thousand for the three months ended September 30, 2026, versus a net loss of CDN$4,978 thousand in the prior-year quarter.
  • Basic and diluted loss per share of CDN$(0.10) for the three months ended September 30, 2026, compared to CDN$(0.02) in the prior-year quarter.
  • Total assets of CDN$1,057,801 thousand as of September 30, 2026, down from CDN$1,118,732 thousand as of March 31, 2026.
  • Cash and cash equivalents of CDN$247,340 thousand as of September 30, 2026, compared to CDN$364,683 thousand as of March 31, 2026.
  • 423,352,668 common shares outstanding as of November 4, 2026, plus 26,261,474 non-voting and non-participating exchangeable shares convertible into common shares on a one-for-one basis.

Canopy Growth's Second Quarter Fiscal 2027 Financial Results

Canopy Growth Corporation (NASDAQ:CGC) reported net revenue of CDN$81,373 thousand for the three months ended September 30, 2026, up from CDN$66,683 thousand in the same quarter a year earlier, according to the filing. Total revenue before excise taxes was CDN$99,507 thousand, with excise taxes of CDN$18,134 thousand deducted to arrive at net revenue. Gross margin for the quarter was CDN$23,355 thousand, compared to CDN$21,905 thousand in the prior-year quarter.

The company disclosed a net loss of CDN$40,694 thousand for the three months ended September 30, 2026, a significant widening from the CDN$4,978 thousand net loss reported in the same period of the prior year. Total operating expenses for the quarter were CDN$46,318 thousand, including selling, general and administrative expenses of CDN$39,693 thousand, share-based compensation of CDN$4,032 thousand, and loss on asset impairment and restructuring of CDN$2,593 thousand. Operating loss for the quarter was CDN$(22,963) thousand. The filing also reported other expense, net, of CDN$(18,531) thousand, contributing to a loss before income taxes of CDN$(41,494) thousand.

For the six months ended September 30, 2026, the company reported net revenue of CDN$162,538 thousand and a net loss of CDN$55,273 thousand, compared to net revenue of CDN$138,817 thousand and a net loss of CDN$49,839 thousand in the prior-year six-month period. As of September 30, 2026, the accumulated deficit stood at CDN$11,193,500 thousand, and total shareholders' equity was CDN$650,323 thousand, according to the filing.

What Was Disclosed

Canopy Growth filed its quarterly report for the period ended September 30, 2026, disclosing revenue growth on a year-over-year basis alongside a wider net loss, a reduced cash balance, and an accumulated deficit of CDN$11,193,500 thousand as of the period end.