Canopy Growth Corp (CGC): auditor change — Canopy Growth restates FY2024-2025 financials due to warrant classification error; Q4/FY2026 results delayed to June 15

Canopy Growth Corp

Non-reliance on FY2024, FY2025 audited financials and 8 quarterly periods due to accounting error on USD-denominated share-settled warrants misclassified as equity.
Restatement expected to be limited to non-cash reclassification between equity and liabilities and fair value adjustments; no impact on revenue, cash flow, or operations.
Company expects material weakness in internal controls; voluntarily applied for management cease trade order (MCTO) for directors/officers.
Q4 and FY2026 results and restated financials to be filed on June 15, 2026; webcast with CEO and CFO on that day.

item 4.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Canopy Growth Corp reported that prior financial statements should not be relied upon.

Action: non reliance

Exact text from the filing

the audit committee of the board of directors of the Company (the “Audit Committee”) was made aware of and, after discussion with senior management of the Company, concluded that the Company’s previously issued (i) audited consolidated financial statements for the fiscal year ended March 31, 2024, included in the Company’s Annual Report on Form 10-K for such fiscal year (the “2024 10-K”), (ii) audited consolidated financial statements for the fiscal year ended March 31, 2025, included in the Company’s Annual Report on Form 10-K for such fiscal year (the “2025 10-K”) and (iii) unaudited consolidated financial statements for the quarterly periods ended September 30, 2023, December 31, 2023, June 30, 2024, September 30, 2024, December 31, 2024, June 30, 2025, September 30, 2025, and December 31, 2025, included in the Company’s Quarterly Reports on Form 10-Q for such quarterly periods (collectively, the “Prior Financial Statements”), should no longer be relied upon

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Source: SEC EDGAR

accession 0001104659-26-062784

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