secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000950170-23-062219
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canopy Growth Q2 FY2024 net revenue $69.6M, net loss $148.2M; gross margin 34%
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- Net revenue $69.6M, down 21% YoY; net loss $148.2M improved 25% vs Q2 FY2023 loss.
- Consolidated gross margin 34% vs (1%) a year ago; adjusted gross margin 33%.
- Total debt reduced by $364M to $681M in Q2; cumulative ~$1B debt reduction since FY2023 start.
- SEC staff objected to deconsolidation of Canopy USA; company assessing structural amendments.
- Free cash flow from continuing operations $(67)M; Adjusted EBITDA loss $(12)M vs $(56)M YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000095017023062219/0000950170-23-062219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000095017023062219/cgc-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062219

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