Earnings ·
Canopy Growth Corporation reported financial results for its fiscal first quarter ended June 30, 2026
CGCCanopy Growth Corp
Canopy Growth Corporation reported financial results for its fiscal first quarter ended June 30, 2026. Consolidated net revenue increased 13% to $81.2 million Canadian dollars, driven by a 14% rise in cannabis segment sales and a 6% increase in Storz & Bickel revenue. Adjusted gross margin improved to 31% from 25% in the prior-year period, while adjusted EBITDA loss narrowed by 59% year-over-year to $3.2 million. The company also reported a net loss of $14.6 million, which was 68% lower than the previous quarter's loss. Canopy Growth operates in the cannabis industry, producing and distributing medical and adult-use cannabis products globally.