{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-040729","form_type":"8-K","ticker":"CGC","cik":"0001737927","company_name":"Canopy Growth Corp","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.047561+00:00","generated_at":"2026-06-11T22:46:37.522771+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Canopy Growth Q1 FY2024 revenue up 3% to $109M; net loss improves to $42M; EBITDA loss narrows 27%","bullets":["Net revenue $108.7M (+3% YoY; +16% adjusting for retail divestiture); net loss $41.9M vs $2.1B prior year on lower impairments.","Adjusted EBITDA loss $57.8M, improving 27% YoY; free cash flow outflow $150.7M, worsening 6% due to BioSteel and one-time items.","Cash fell to $571M from $783M; gross debt reduced by $262M to $1,045M via conversions, paydowns, and note equitization.","BioSteel revenue surged 137% YoY; company reviewing strategic options including potential sale to reduce cash burden.","Subsequent to quarter, agreements signed to reduce debt by ~$437M and annual interest by $20-30M."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-040729","json":"https://secwatch.observer/filing/0000950170-23-040729.json","markdown":"https://secwatch.observer/filing/0000950170-23-040729.md","text":"https://secwatch.observer/filing/0000950170-23-040729.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1737927/000095017023040729/0000950170-23-040729-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1737927/000095017023040729/cgc-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:46:37.522771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2536f97d401f9eba5e36b688496a2b556790d5ad","claim":"Canopy Growth Corp reported first quarter ended June 30, 2023 results: revenue $109 million, net income $42 million. Guidance reaffirmed.","evidence_excerpt":"Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results Net revenue in Q1 FY2024 increased 3% year-over-year to $109 million. Adjusting for divestiture of Canadian cannabis retail operations in FY2023, Q1 FY2024 net revenue increased 16% year-over-year Achieved total cost savings of $172 million through Q1 FY2024 Management reaffirms its expectation to achieve positive Adjusted EBITDA in all business units exiting FY2024, with the exception of BioSteel SMITHS FALLS, ON, August 9, 2023 /PRNewswire/ - Canopy Growth Corporation (\"Canopy Growth\" or the \"Company\") (TSX:WEED) (Nasdaq: CGC) today announces its financial results for the first quarter ended June 30, 2023. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Highlights • All business segments of the Company delivered sequential revenue growth in Q1 FY2024, compared to Q4 FY2023. • Achieved cost reduction of $47 million in Q1 FY2024, bringing total cost reduct","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1737927/000095017023040729/0000950170-23-040729-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended June 30, 2023"},{"label":"Revenue","value":"$109 million"},{"label":"Net income","value":"$42 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}