# Canopy Growth Corporation Common Shares (CGC) — Stock CV

Canopy Growth Corporation is a $360M healthcare company. Revenue shrank 15.1% over the last year, it currently loses money, and it holds more cash than debt.

> Canopy Growth Corp is a cannabis company that produces, distributes, and sells a diverse range of cannabis and cannabis-related products for adult-use and medical purposes under a portfolio of distinct brands in Canada. The Company supplies cannabis products in Canada, Europe, and Australia.

## Identity

- **Ticker**: CGC
- **Sector**: Healthcare
- **Industry**: Medicinal Chemicals & Botanical Products
- **Headquarters**: SMITH FALLS, A6
- **Employees**: 1 128
- **Website**: https://www.canopygrowth.com
- **Market cap**: $360M
- **Last price**: $0.84
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $285M
- **Net income**: -$263M
- **Free cash flow**: -$69.1M
- **Net cash**: $148M
- **Revenue growth (YoY)**: -15.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 35 |
| Growth | 0 |
| Profitability | 0 |
| Health | 53 |
| Quality | 35 |
| Moat | 0 |

## Qualifications (beginner checklist) — 3 of 9 passed

- [ ] Revenue growing — -15.1% YoY
- [ ] Profitable — -$263M TTM
- [x] Profit growing — +56.0% YoY
- [ ] Generates cash — -$69.1M TTM
- [x] Debt under control — more cash than debt
- [ ] Established company — $360M market cap
- [x] Not printing shares — -14.3% shares over ~5y
- [ ] Proven track record — 0/6 profitable years
- [ ] Financially stable — Altman Z -13.4 — distress

## Experience (career milestones)

- **FY2023** — Became debt-free: cash now exceeds total debt
- **2019** — Canopy was the world's largest cannabis company based on the value of all shares or market…
- **2019** — Expansion into Europe continued in April 2019 with the acquisition of licensed cannabis producer Cáñamo y Fibras…
- **Oct 17, 2018** — Marijuana became legal in Canada for recreational use
- **Jul 10, 2018** — Hiku was a recreational and medical cannabis company based in Toronto, Ontario and Kelowna, British Columbia which…
- **Jan 27, 2017** — Canopy and Mettrum Health Corp. announced the takeover of Mettrum by Canopy
- **2016** — Canopy Growth Corp. announced a friendly takeover bid of another licensed Ontario-based…
- **2016** — The company was described as "Canada's first cannabis unicorn with a $1 billion dollar valuation" by the Financial…
- **2015** — The company was renamed to Canopy Growth Corp. in September 2015 with two established brands: Tweed Inc
- **2013** — Tweed was founded by Bruce Linton and Chuck Rifici in 2013, and renamed Canopy Growth Corporation in 2015 after a…

## Strengths

- Net cash position after subtracting debt from cash

## Watch-outs

- Revenue shrinking 15.1% year over year
- Not profitable — 92.4% net margin
- Negative free cash flow (-$69.1M)
- Altman Z-Score -13.41 — elevated financial-distress risk
- Thin interest coverage (-12.1×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $547M | -$1.74B | -$630M |
| FY2022 | $520M | -$302M | -$582M |
| FY2023 | $403M | -$3.28B | -$567M |
| FY2025 | $269M | -$598M | -$177M |
| FY2026 | $285M | -$263M | -$69.1M |

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Source: https://stockcv.com/CGC — derived from company filings; may be delayed or incomplete. Information, not investment advice.