Recent Updates — CGC
Canopy Growth Corporation announced the resignation of PKF O’Connor Davies, LLP as its independent registered public accounting firm effective August 7, 2026, citing strategic changes regarding services to the cannabis sector. The company engaged MNP LLP as its successor auditor for the fiscal year ending March 31, 2027. This change follows a previously disclosed restatement of financial statements due to non-cash technical errors in accounting for share-settled warrants with U.S. dollar-denominated exercise prices. Additionally, PKFOD issued an adverse opinion on internal control over financial reporting as of March 31, 2026, identifying a material weakness in controls regarding the classification of equity-linked instruments. Canopy Growth Corporation operates in the cannabis industry, producing and distributing cannabis products.
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.
Canopy Growth Corporation announced its financial results for the fiscal fourth quarter ended March 31, 2026, via a press release issued on June 15, 2026. Canopy Growth Corporation is a cannabis-focused company that produces and sells cannabis products.