---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-094343"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:26:45.559578+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth Q1 revenue $66.2M (-13% YoY); gross profit up 67%; extends term loan to Dec 2026

## Summary
- Gross profit $23M (+67% YoY); gross margin 35% (+1,700 bps) on cost savings and medical mix.
- Canada medical cannabis net revenue record $18.8M (+20% YoY); adult-use declined 22% to $18.9M.
- Adjusted EBITDA loss narrowed to $5M (improvement of 77%); free cash outflow $56M.
- Extended senior secured term loan maturity to Dec 18, 2026 (option to Sept 2027); repaid US$100M principal.
- Canopy USA closed ~75% of Jetty and 2 of 3 Wana entities; Acreage option exercised, close H1 2025.

## SEC filing metadata
- accession: 0000950170-24-094343
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1737927/000095017024094343/0000950170-24-094343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000095017024094343/cgc-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-094343
- JSON: https://secwatch.observer/filing/0000950170-24-094343.json
- Plain text: https://secwatch.observer/filing/0000950170-24-094343.txt

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