---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-079321"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2025-05-30T23:59:59+00:00"
generated_at: "2026-05-20T04:34:14.470989+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth Q4 revenue down 11% YoY to $65M; adjusted EBITDA loss improves 39% to $9.2M

## Summary
- Net revenue $65M in Q4 FY2025, down 11% YoY; net loss from continuing ops $221.5M.
- Canada medical cannabis revenue up 13% YoY; adult-use down 3%; international down 35%.
- Total debt reduced 49% in FY2025 to $304M; cost savings target at least $20M annualized over 12-18 months.
- Storz & Bickel revenue down 23% to $17.1M in Q4; FY2025 revenue up 4% to $73.4M.
- Acreage in default; lenders forbear until June 1, 2025 while discussing potential debt extension.

## SEC filing metadata
- accession: 0000950170-25-079321
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2025-05-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000095017025079321/0000950170-25-079321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000095017025079321/cgc-20250530.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-079321
- JSON: https://secwatch.observer/filing/0000950170-25-079321.json
- Plain text: https://secwatch.observer/filing/0000950170-25-079321.txt

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