---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-023514"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:38:05.319909+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth Q2 revenue down 10% to $118M; net loss $232M; announces Canopy USA for U.S. entry

## Summary
- Net revenue $117.9M, down 10% YoY; net loss $231.9M vs $15.9M loss in Q2 FY2022.
- Adjusted EBITDA loss $78.1M, improved $85M YoY; cash $1,143M, down $229M from March 2022.
- BioSteel revenue up 299% YoY to $29.9M; Canadian medical cannabis up 8% YoY.
- Created Canopy USA to hold U.S. cannabis investments; shareholder vote required for exchangeable shares.
- Divesting Canadian retail operations; SG&A cost savings target $70-100M.

## SEC filing metadata
- accession: 0000950170-22-023514
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000095017022023514/0000950170-22-023514-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000095017022023514/cgc-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-023514
- JSON: https://secwatch.observer/filing/0000950170-22-023514.json
- Plain text: https://secwatch.observer/filing/0000950170-22-023514.txt

## Key facts
- Earnings Releases
  Canopy Growth Corp reported financial results for second quarter ended September 30, 2022.
  - Period: second quarter ended September 30, 2022
  - Result: reported results
  source text: On November 9, 2022, Canopy Growth Corporation issued a press release announcing its financial results for the second quarter ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000095017022023514/0000950170-22-023514-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.