Canopy Q3 net loss narrows 49% YoY; Canada cannabis revenue up 4% to $52M

Canopy Growth Corp

2026-Q3 EPS reported -$0.39 revenue$213,358,000

Net loss narrowed 49% YoY; Adjusted EBITDA loss narrowed 17% to $3M; free cash outflow improved to $19M.
Consolidated revenue $75M flat YoY; Canada cannabis revenue +4% to $52M (medical +15%, adult-use +8%).
Storz & Bickel revenue $23M, up 45% sequential from VEAZY launch; gross margin 37% down 300 bps on US tariffs.
Cash and cash equivalents $371M; net cash $146M; January 2026 recapitalization extended debt maturities to 2031.
MTL Cannabis acquisition on track for close in current quarter; management targets positive Adjusted EBITDA in fiscal 2027.

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