Earnings ·
Canopy Growth reports Q1 revenue up 13% to $81.2M as adjusted EBITDA loss narrows 59%
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.