CGC on Nasdaq

Canopy Growth Corporation

Logo: 2016 Annual Report, Non-free logo, via Wikipedia4

Canadian marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a Canadian cannabis company based in Smiths Falls, Ontario. In April 2019, Canopy was the world's largest cannabis company based on the value of all shares or market capitalization.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

284.6MRevenue, fiscal 20265
-262.9MNet income, fiscal 20265
2013Founded1

Compare with Aurora Cannabis, SNDL Inc. or IM Cannabis Corp., or pick any stock.

  • TickerCGC on Nasdaq1
  • Industrycannabis industry1
  • HeadquartersSmiths Falls1
  • Websitewww.canopygrowth.com
  • Incorporated inCanada (Federal Level)6
  • Business address1 Hershey Drive, Smith Falls, A6 K7A0A86
  • Filer categoryAccelerated filer6

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Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a Canadian cannabis company based in Smiths Falls, Ontario.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2026

24.5%Gross margin5
-56.8%Operating margin5
-92.4%Net margin5
5.8%Revenue growth, 20265
-37.7%Return on equity5
0.31×Debt to equity5
-69.1M CADFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Storz Bickel brought in 71% of the revenue Canopy Growth Corporation broke down this way in fiscal 2026.

  1. Storz Bickel70.7M CAD571%down 14% from 2025
  2. International Markets Cannabis28.7M CAD529%down 7% from 2025
Products and services by year
Products and services202420252026
Storz Bickel79.5M CAD82.3M CAD70.7M CAD
International Markets Cannabis32.5M CAD30.9M CAD28.7M CAD

Business segments

Cannabis brought in 43% of the revenue Canopy Growth Corporation broke down this way in fiscal 2026.

  1. Cannabis213.9M CAD543%up 15% from 2025
  2. Cannabis Net Revenue213.9M CAD543%up 15% from 2025
  3. Storz And Bickel70.7M CAD514%down 14% from 2025
Business segments by year
Business segments202420252026
Cannabis191.7M CAD186.7M CAD213.9M CAD
Cannabis Net Revenue191.7M CAD186.7M CAD213.9M CAD
Storz And Bickel79.5M CAD82.3M CAD70.7M CAD

Regions

Canada brought in 65% of the revenue Canopy Growth Corporation broke down this way in fiscal 2026.

  1. Canada186.1M CAD565%up 19% from 2025
  2. Germany62.1M CAD522%up 4% from 2025
  3. United States28.3M CAD510%down 21% from 2025
  4. Other Geographical Area8.2M CAD53%down 52% from 2025
Regions by year
Regions202420252026
Canada162.7M CAD155.9M CAD186.1M CAD
Germany52.2M CAD59.9M CAD62.1M CAD
United States41.0M CAD36.0M CAD28.3M CAD
Other Geographical Area41.3M CAD17.2M CAD8.2M CAD

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue52¢214.9M CAD
  • Research and development1¢2.6M CAD
  • Selling, general and admin38¢160.0M CAD
  • Interest9¢38.2M CAD
  • Income tax0¢23.0K CAD

Out of 284.6M CAD in revenue.5 The company lost money this year.

Financial statements

Revenue78910115284.6M CAD in 2026+2131% since 2019
0200.0M CAD400.0M CAD600.0M CAD2019: 12.8M CAD12.8M CAD20192020: 398.8M CAD398.8M CAD2020+3025%2021: 546.6M CAD546.6M CAD2021+37%2022: 475.7M CAD475.7M CAD2022−13%2023: 333.3M CAD333.3M CAD2023−30%2024: 297.1M CAD297.1M CAD2024−11%2025: 269.0M CAD269.0M CAD2025−9%2026: 284.6M CAD284.6M CAD2026+6%
Gross profit7891011569.7M CAD in 2026+147% since 2019
-200.0M CAD-100.0M CAD0100.0M CAD2019: 28.2M CAD28.2M CAD20192020: -31.7M CAD-31.7M CAD20202021: 67.0M CAD67.0M CAD20212022: -187.4M CAD-187.4M CAD20222023: -63.5M CAD-63.5M CAD2023−66%2024: 80.9M CAD80.9M CAD20242025: 79.5M CAD79.5M CAD2025−2%2026: 69.7M CAD69.7M CAD2026−12%
Operating income78910115-161.7M CAD in 2026−75% since 2019
-3.0B CAD-2.0B CAD-1.0B CAD02019: -637.5M CAD-637.5M CAD20192020: -1.7B CAD-1.7B CAD2020+162%2021: -1.2B CAD-1.2B CAD2021−25%2022: -1.0B CAD-1.0B CAD2022−18%2023: -2.6B CAD-2.6B CAD2023+158%2024: -228.7M CAD-228.7M CAD2024−91%2025: -117.1M CAD-117.1M CAD2025−49%2026: -161.7M CAD-161.7M CAD2026+38%
Net income78910115-262.9M CAD in 2026+900% since 2019
-4.0B CAD-3.0B CAD-2.0B CAD-1.0B CAD02019: -26.3M CAD-26.3M CAD20192020: -1.4B CAD-1.4B CAD2020+5180%2021: -1.7B CAD-1.7B CAD2021+20%2022: -330.6M CAD-330.6M CAD2022−80%2023: -3.3B CAD-3.3B CAD2023+901%2024: -712.2M CAD-712.2M CAD2024−78%2025: -508.9M CAD-508.9M CAD2025−29%2026: -262.9M CAD-262.9M CAD2026−48%

Every line of the income statement in the latest annual report, as filed.5

Period ending2026-03-312025-03-312024-03-31
Revenue346.8M CAD314.0M CAD343.9M CAD
Excise taxes62.2M CAD45.0M CAD46.8M CAD
Net revenue284.6M CAD269.0M CAD297.1M CAD
Cost of goods sold214.9M CAD189.5M CAD216.3M CAD
Gross margin69.7M CAD79.5M CAD80.9M CAD
Selling, general and administrative expenses160.0M CAD169.6M CAD229.4M CAD
Share-based compensation4.3M CAD-4.2M CAD14.2M CAD
Loss on asset impairment and restructuring67.1M CAD31.2M CAD66.0M CAD
Total operating expenses231.3M CAD196.7M CAD309.6M CAD
Operating loss from continuing operations-161.7M CAD-117.1M CAD-228.7M CAD
Other income (expense), net-101.2M CAD-390.6M CAD-279.1M CAD
Loss from continuing operations before income taxes-262.9M CAD-507.8M CAD-507.8M CAD
Income tax expense-23.0K CAD-7.1M CAD-12.3M CAD
Net loss from continuing operations-262.9M CAD-514.9M CAD-520.1M CAD
Discontinued operations, net of income tax0 CAD6.0M CAD-192.1M CAD
Net loss-262.9M CAD-508.9M CAD-712.2M CAD
Net loss from discontinued operations attributable to noncontrolling interests and redeemable noncontrolling interest-18.5M CAD
Net loss attributable to Canopy Growth Corporation-262.9M CAD-508.9M CAD-693.7M CAD
Basic loss per share continuing operations-1 CAD-5 CAD-7 CAD
Diluted loss per share continuing operations-1 CAD-5 CAD-7 CAD
Basic loss per share discontinued operations0 CAD-2 CAD
Diluted loss per share discontinued operations0 CAD-2 CAD
Basic loss per share-0.88 CAD-4.73 CAD-9.27 CAD
Diluted loss per share-0.88 CAD-4.73 CAD-9.27 CAD
Basic weighted average common shares outstanding298.0M shares107.6M shares74.8M shares
Diluted weighted average common shares outstanding298.0M shares107.6M shares74.8M shares
Fair value changes of own credit risk of financial liabilities-12.3M CAD
Foreign currency translation10.0M CAD13.1M CAD-917.0K CAD
Total other comprehensive income (loss), net of income tax10.0M CAD13.1M CAD-13.3M CAD
Comprehensive loss from continuing operations-252.9M CAD-501.8M CAD-533.3M CAD
Comprehensive income (loss) from discontinued operations0 CAD6.0M CAD-192.1M CAD
Comprehensive loss-252.9M CAD-495.8M CAD-725.5M CAD
Comprehensive loss from discontinued operations attributable to noncontrolling interests and redeemable noncontrolling interest-18.5M CAD
Comprehensive loss attributable to Canopy Growth Corporation-252.9M CAD-495.8M CAD-706.9M CAD

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How it started

History

Tweed was founded by Bruce Linton and Chuck Rifici in 2013, and renamed Canopy Growth Corporation in 2015 after a merger with Bedrocan Canada.

Bruce Linton was the primary Founder, Chairman and Co-CEO and Mark Zekulin was Co-CEO and President until July 3, 2019, when Linton was ousted from the company. Zekulin became the sole CEO, until later that year a new CEO was announced and Zekulin stepped down on 20 December.

Canopy Growth was the first federally regulated, licensed, publicly traded cannabis producer in North America, traded on the Toronto Stock Exchange as WEED. It began trading as CGC on the New York Stock Exchange on May 24, 2018, as the first cannabis producer on the NYSE. On October 17, 2018, marijuana became legal in Canada for recreational use. Canada's first legal cannabis sale was made at midnight by CEO Bruce Linton at a Tweed store in St. John's, Newfoundland and Labrador.

Prior to that date, cannabis was legal only for medical purposes in Canada; growers were licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The company was described as "Canada's first cannabis unicorn with a $1 billion dollar valuation" by the Financial Post news organization in November 2016. The company was renamed to Canopy Growth Corp. in September 2015 with two established brands: Tweed Inc. and Bedrocan Canada Corp. Specifically, CGC is the parent company of licensed cannabis producers Tweed Inc., Tweed Farms Inc., Spectrum Cannabis., as well as newly acquired companies.

Tweed operates out of the former Hershey's chocolate factory in Smiths Falls, Ontario, and operates the Tweed Farms greenhouse in Niagara-on-the-Lake.

From Wikipedia’s article on Canopy Growth Corporation, shared under CC BY-SA 4.0.3

Timeline

  1. 2013Founded Founded1

Recent filings

  1. Oct 6, 2026DEFA14A
  2. Sep 30, 20264 OWNERSHIP DOCUMENT
  3. Sep 30, 20264 OWNERSHIP DOCUMENT
  4. Sep 30, 20264 OWNERSHIP DOCUMENT
  5. Sep 30, 20264 OWNERSHIP DOCUMENT
  6. Sep 25, 2026DEFA14A
  7. Sep 17, 20264 OWNERSHIP DOCUMENT
  8. Sep 15, 2026DEFA14A
  9. Aug 25, 20264 OWNERSHIP DOCUMENT
  10. Aug 25, 20264 OWNERSHIP DOCUMENT
  11. Aug 17, 2026DEFA14A
  12. Aug 14, 2026DEFA14A
  13. Aug 7, 202610-Q
  14. Aug 7, 20268-K
  15. Aug 7, 20268-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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