secwatch.observer — SEC 8-K summary
======================================

Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000950170-24-066246
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canopy Growth Q4 net revenue up 7% YoY to $72.8M; adjusted EBITDA loss improves 63%
--------------------------------------------------------------------------------

- Q4 net revenue $72.8M (+7% YoY); Storz & Bickel net revenue up 43% to $22.2M on Venty sales.
- Canada medical cannabis net revenue up 16% YoY; Canada cannabis COGS down 54% in FY2024.
- Adjusted EBITDA loss $15.1M in Q4 (improved 63% YoY); FY2024 adjusted EBITDA loss $58.9M (improved 72%).
- No material debt due until March 2026 after recent balance sheet strengthening actions.
- Canopy USA initiated acquisitions of Wana and Jetty; expected to close in H1 FY2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000095017024066246/0000950170-24-066246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000095017024066246/cgc-20240530.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-066246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer