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Canopy Growth
(NASDAQ:WEED)
Canopy Growth (WEED) vs. iShares MSCI Canada ETF (EWC)
Canopy Growth Business Overview & Revenue Model
Canopy Growth Earnings Call Summary
Canopy Growth Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 274.92M | 269.00M | 297.15M | 333.25M | 510.32M | 546.65M |
| Gross Profit | 74.52M | 79.51M | 80.88M | -98.38M | -143.60M | 66.96M |
| EBITDA | -410.31M | -479.31M | -312.83M | -2.88B | -52.98M | -1.55B |
| Net Income | -512.50M | -598.12M | -657.27M | -3.28B | -310.04M | -1.74B |
Balance Sheet | ||||||
| Total Assets | 904.67M | 917.70M | 1.30B | 2.44B | 5.62B | 6.82B |
| Cash, Cash Equivalents and Short-Term Investments | 143.63M | 131.47M | 203.46M | 782.60M | 1.37B | 2.30B |
| Total Debt | 327.80M | 348.40M | 668.00M | 1.31B | 1.50B | 1.58B |
| Total Liabilities | 415.69M | 430.49M | 799.82M | 1.68B | 1.98B | 3.20B |
| Stockholders Equity | 488.98M | 487.21M | 500.37M | 758.43M | 3.59B | 3.48B |
Cash Flow | ||||||
| Free Cash Flow | -133.14M | -177.03M | -285.95M | -568.10M | -593.92M | -639.87M |
| Operating Cash Flow | -124.31M | -165.75M | -281.95M | -557.55M | -545.81M | -465.73M |
| Investing Cash Flow | -15.46M | -47.79M | 241.59M | 433.38M | 230.82M | -884.11M |
| Financing Cash Flow | 68.34M | 148.66M | -465.06M | -19.69M | -45.53M | 1.26B |
Canopy Growth Technical Analysis
Canopy Growth Risk Analysis
Canopy Growth Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$1.33B | 51.18 | 3.34% | ― | 22.20% | ― | |
64 Neutral | C$2.22B | 54.06 | 2.42% | ― | 6.18% | -28.69% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | C$3.07B | ― | -27.61% | ― | -3.38% | -31.35% | |
48 Neutral | C$1.78B | ― | -9.95% | ― | 4.27% | 3.41% | |
47 Neutral | C$362.43M | ― | -10.76% | ― | 23.87% | -19.57% | |
40 Underperform | C$555.90M | -0.39 | -98.42% | ― | -4.24% | 55.82% |
Canopy Growth Corporate Events
Canopy Growth Corporation is a leading cannabis company operating in the medical and adult-use cannabis markets, with a focus on innovation and quality products across Canada, Europe, and Australia.
Canopy Growth reported a significant improvement in its financial performance for the second quarter of fiscal 2026, with a notable increase in Canada adult-use and medical cannabis revenues. The company’s disciplined cost management and strategic focus have resulted in a stronger balance sheet, resolving previous concerns about its ability to continue as a going concern. Despite challenges in international markets and a decrease in revenue from its Storz & Bickel segment, the company has managed to reduce its operating loss and improve its adjusted EBITDA. This financial progress positions Canopy Growth for sustained growth and resilience in the competitive cannabis industry.
The most recent analyst rating on (TSE:WEED) stock is a Sell with a C$1.50 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth Corporation will announce its second quarter fiscal year 2026 financial results on November 7, 2025. The announcement will be followed by an audio webcast featuring CEO Luc Mongeau and CFO Tom Stewart. This release is significant as it provides insights into the company’s financial health and strategic positioning in the cannabis industry, potentially impacting stakeholders and market perceptions.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
On October 10, 2025, Canopy Growth Corporation reconvened its 2025 Annual General and Special Meeting of Shareholders, where shareholders voted on several key proposals. These included the election of directors, the appointment of PKF O’Connor Davies as auditors, a share consolidation proposal, and an advisory vote on executive compensation. All proposals were approved, indicating shareholder support for the company’s strategic decisions and governance structure.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth has announced that its DOJA facility in Kelowna, British Columbia, will now exclusively produce craft cannabis for the Spectrum Therapeutics medical portfolio in Canada. This move underscores Canopy Growth’s commitment to the medical cannabis market and aims to strengthen its position by focusing on high-quality, small-batch production for registered medical patients, including veterans.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth Corporation has adjourned its Annual General and Special Meeting of Shareholders due to a lack of quorum and will reconvene on October 10. The company is actively encouraging shareholders to vote before the new meeting date to ensure quorum is met, which is a requirement for its NASDAQ listing. This adjournment allows shareholders additional time to participate in the decision-making process, potentially impacting the company’s governance and future strategies.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth has extended the proxy voting deadline for its upcoming annual general and special meeting to ensure a quorum is achieved. The extension aims to give shareholders more time to vote, as the company is close to reaching the required quorum for the meeting, which is crucial for transacting business.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth is urging its shareholders to vote in the upcoming annual general and special meeting to help reach the quorum needed to avoid delays and additional costs. The company emphasizes the importance of shareholder participation, regardless of the number of shares owned, to meet the NASDAQ listing requirements and ensure the meeting proceeds as planned.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth has appointed Tom Stewart as Chief Financial Officer to strengthen its operational discipline and financial stability. His leadership is expected to drive performance improvements and support the company’s fiscal year 2026 strategy, focusing on structural efficiency and disciplined capital management.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth has made an early prepayment of US$25 million on its senior secured term loan, completing its obligation under an agreement with lenders. This move is expected to reduce the company’s annual cash interest expense by US$6.5 million, strengthening its financial position and reflecting its strategic focus on debt reduction.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth Corporation announced the early prepayment of a US$25 million term loan, completing an aggregate of US$50 million in prepayments under an agreement with its lenders. This financial move is expected to reduce the company’s annual cash interest expense by US$6.5 million, thereby strengthening its financial position and demonstrating prudent fiscal management. The accelerated debt reduction is part of Canopy Growth’s strategy to enhance its financial stability and operational efficiency, potentially benefiting stakeholders by improving the company’s market positioning.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
STORZ & BICKEL, a subsidiary of Canopy Growth Corporation, has launched the VEAZY, a compact and accessible vaporizer, expanding its premium product portfolio. The VEAZY, available in four colors, offers portability, style, and high performance at a competitive price, aiming to reach a broader audience and enhance the company’s market presence in over 100 countries.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth Corporation has received a recommendation from Institutional Shareholder Services Inc. (ISS) for shareholders to vote in favor of all resolutions at the upcoming Annual General and Special Meeting. This endorsement by ISS, a respected proxy advisory firm, is significant as it influences many institutional investors. Achieving a quorum at the meeting is crucial for Canopy Growth to avoid additional costs, and shareholders are urged to vote promptly.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
On August 29, 2025, Canopy Growth Corporation announced the establishment of a new at-the-market equity program allowing the company to issue and sell up to $200 million of common shares in the U.S. and Canada. This program aims to strengthen Canopy Growth’s financial position by potentially funding future acquisitions, investments, and general corporate purposes. The equity distribution agreement with BMO Capital Markets Corp. and BMO Nesbitt Burns Inc. replaces a previous agreement and provides flexibility in sales methods, subject to market conditions and other factors. The program’s impact could enhance Canopy Growth’s market positioning and provide necessary capital for strategic initiatives.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Canopy Growth Corporation has announced the mailing and filing of proxy materials for its 2025 annual general and special meeting of shareholders. The company emphasizes the importance of shareholder voting to avoid additional costs and achieve a quorum, which is essential for the meeting to proceed. Shareholders will vote on several key issues, including the election of directors, auditor re-appointment, a share consolidation proposal, and an advisory vote on executive compensation. The board recommends voting in favor of all resolutions.
The most recent analyst rating on (TSE:WEED) stock is a Sell with a C$1.50 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
The recent earnings call of Canopy Growth painted a picture of significant top-line growth in cannabis revenue, alongside successful cost reduction initiatives and improved cash flow. While these positive outcomes were evident, the call also highlighted challenges in certain segments like Storz & Bickel, compressed margins, and specific international market difficulties, resulting in a slightly mixed sentiment overall.
Canopy Growth Corporation is a leading cannabis company operating globally, known for its innovative products and commitment to enhancing lives through cannabis. The company, headquartered in Smiths Falls, Ontario, operates in the cannabis sector, providing both recreational and medical cannabis products, as well as vaporizers and accessories through its Storz & Bickel brand.
On August 6, 2025, Canopy Growth appointed Margaret Shan Atkins to its Board of Directors, enhancing the board with her extensive experience in retail strategy, consumer goods, and finance. The company reported a 9% increase in net revenue for Q1 FY2026, driven by strong performance in the Canadian adult-use cannabis market, despite a decrease in gross margin due to product mix changes and lower sales in high-margin markets. The company is focused on improving margins and maintaining growth momentum in the cannabis sector, while Storz & Bickel prepares to launch a new vaporizer to boost consumer interest.
The most recent analyst rating on (TSE:WEED) stock is a Sell with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.