Canopy Growth Q1 FY2027 revenue rises 13% to $81.2 million; adjusted EBITDA loss narrows
Canopy Growth reported fiscal first-quarter 2027 results for the three months ended June 30, 2026, with consolidated net revenue up 13% to $81.2 million (in Canadian dollars) and net loss 68% lower than a year earlier. Adjusted EBITDA loss narrowed to $3.2 million, and management said it expects further improvement in the second half of fiscal 2027 as the MTL Cannabis integration is completed, though free cash outflow rose sharply.
Key points
- Consolidated net revenue of $81.2 million, up 13% from the prior-year quarter; Canada medical cannabis revenue up 22%, Storz & Bickel up 6%
- Adjusted gross margin rose to 31% from 25%; consolidated gross margin was 27% versus 25%
- Adjusted EBITDA loss of $3.2 million, an improvement of $4.7 million or 59% year over year
- Free cash outflow increased to $25.7 million from $11.6 million, mainly due to timing of working capital items
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
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