---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-270995"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:58.791078+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth Q2 revenue $67M (+6% YoY); going concern doubt resolved

## Summary
- Canada adult-use net revenue $24M, up 30% YoY; Canada medical $22M, up 17%.
- Consolidated gross margin 33% (down 200bps YoY, up 800bps sequentially).
- Operating loss improved 63% to $17M; Adjusted EBITDA loss narrowed to $3M from $6M.
- Cash $298M exceeds debt by $70M; going concern doubt resolved. Prepaid US$50M on term loan.
- SG&A down 13% YoY; $21M annualized savings captured since March 2025.

## SEC filing metadata
- accession: 0001193125-25-270995
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1737927/000119312525270995/0001193125-25-270995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000119312525270995/cgc-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-270995
- JSON: https://secwatch.observer/filing/0001193125-25-270995.json
- Plain text: https://secwatch.observer/filing/0001193125-25-270995.txt

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