Canopy Growth Reports Dramatic Loss Reduction and Strengthened Balance Sheet

Canopy Growth Corporation has unveiled its most robust operational performance in recent memory with the release of its third-quarter fiscal 2026 results on February 6. The Canadian cannabis company showcased a dramatic financial improvement, nearly halving its net loss, posting double-digit growth in its core domestic market, and significantly reinforcing its financial foundation.

Key Financial Highlights for Q3 FY2026:

• The net loss was reduced by 49% to CAD 62.6 million.
• Adjusted EBITDA loss reached a record low of CAD 2.9 million, a 17% improvement.
• Canadian cannabis revenue grew by an average of 11%.
• The company holds a strong cash position of CAD 371 million, with net cash standing at CAD 146 million.
• A completed Read more...