secwatch.observer — SEC 8-K summary
======================================

Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001193125-26-040294
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000119312526040294/0001193125-26-040294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000119312526040294/cgc-20260206.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-040294

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer