---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-029444"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2023-06-22T23:59:59+00:00"
generated_at: "2026-06-13T19:10:40.126359+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth Q4 FY2023 net loss $648M; FY revenue down 21%; BioSteel restated

## Summary
- Net revenue FY2023 $403M down 21% YoY; Q4 net loss $648M, adjusted EBITDA loss $96M.
- BioSteel revenue misstatements: FY2022 revenue reduced ~$10M; nine months FY2023 reduced ~$14M; remedial actions underway.
- Debt reduced ~$500M from Q2 FY2023 to Q1 FY2024; facility divestitures expected up to $150M by end of Q2 FY2024.
- Cost reduction targets $240-310M savings by end of FY2024; headcount reduction over 1,200 positions.
- Modified CUSA structure for NASDAQ compliance; entered agreement with Indiva to distribute Wana in Canada.

## SEC filing metadata
- accession: 0000950170-23-029444
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2023-06-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000095017023029444/0000950170-23-029444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000095017023029444/cgc-20230622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029444
- JSON: https://secwatch.observer/filing/0000950170-23-029444.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029444.txt

## Key facts
- Earnings Releases
  Canopy Growth Corp reported financial results for fourth quarter and fiscal year ended March 31, 2023.
  - Period: fourth quarter and fiscal year ended March 31, 2023
  - Result: reported results
  source text: On June 22, 2023, Canopy Growth Corporation issued a press release announcing its financial results for the fourth quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000095017023029444/0000950170-23-029444-index.htm

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