Canopy Growth Corp (CGC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — CGC

Balance Sheet

(in billions CAD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.37	0.30	0.13	0.16	0.23	0.19	0.14	0.24	0.53	0.62	0.81	0.56	0.82	0.67	0.98
Short-term Investments	0.00	0.00	0.02	0.02	0.00	0.00	0.04	0.03	0.04	0.81	1.15	1.49	0.77	1.05	1.06
Accounts Receivable	0.03	0.02	0.05	0.04	0.04	0.04	0.05	0.05	0.09	0.08	0.08	0.09	0.07	0.06	0.04
Inventory	0.11	0.10	0.09	0.09	0.09	0.08	0.09	0.09	0.14	0.37	0.35	0.41	0.39	0.40	0.39
Total Current Assets	0.52	0.45	0.30	0.34	0.39	0.36	0.40	0.49	0.88	1.99	2.50	2.68	2.17	2.29	2.61
Property, Plant & Equipment	0.29	0.29	0.29	0.30	0.30	0.32	0.34	0.35	0.40	1.08	1.12	1.14	1.15	1.50	1.51
Goodwill	0.05	0.05	0.05	0.04	0.04	0.04	0.09	0.08	0.08	1.99	2.00	2.00	1.92	1.93	1.93
Intangible Assets	0.04	0.05	0.05	0.06	0.07	0.07	0.08	0.09	0.13	0.22	0.23	0.24	0.28	0.35	0.35
Total Non-current Assets*	0.58	0.62	0.60	0.82	0.84	0.93	0.96	1.17	0.93	1.08	1.12	1.14	4.14	4.28	4.23
Total Assets	1.11	1.07	0.90	1.16	1.23	1.29	1.36	1.67	2.19	6.31	6.49	6.97	6.31	6.57	6.85
Accounts Payable	0.02	0.02	0.02	0.03	0.02	0.03	0.03	0.02	0.06	0.07	0.09	0.09	0.09	0.08	0.09
Total Current Liabilities	0.10	0.08	0.10	0.10	0.28	0.17	0.22	0.20	0.45	0.24	0.26	0.26	0.35	0.32	0.32
Long-term Debt	0.22	0.23	0.29	0.44	0.42	0.56	0.33	0.32	1.46	1.51	1.53	1.56	0.63	0.53	0.50
Total Non-current Liabilities*	0.25	0.25	0.32	0.48	0.44	0.59	0.59	0.72	0.89	1.86	1.92	2.43	1.67	1.10	1.26
Total Liabilities	0.35	0.33	0.42	0.57	0.72	0.75	0.82	0.92	1.34	2.10	2.18	2.69	2.01	1.42	1.58
Retained Earnings	(11.03)	(10.97)	(10.97)	(10.71)	(10.59)	(10.46)	(10.24)	(10.02)	(9.71)	(5.80)	(5.69)	(5.68)	(5.37)	(4.46)	(4.43)
Total Stockholder Equity*	0.76	0.74	0.49	0.59	0.51	0.53	0.54	0.75	0.85	4.14	4.24	4.14	3.96	4.92	4.97

* Derived from reported values

Income Statement

(in millions CAD) (except per-share rows)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q4 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Total Revenue	71.25	74.54	66.68	72.13	65.03	74.76	62.99	40.32	66.21	73.71	78.51	69.60	108.73	111.77	140.97	131.37	136.21	148.44	152.53	135.27
Cost of Revenue	62.98	53.08	44.78	54.10	54.49	50.66	41.15	17.03	43.18	177.84	50.28	46.17	102.79	271.01	130.88	202.51	108.97	138.64	127.94	109.19
Gross Profit	8.26	21.47	21.91	18.04	10.54	24.10	21.84	23.29	23.03	(104.13)	28.23	23.43	5.94	(159.24)	10.09	(71.14)	27.24	9.80	24.59	26.08
Selling, General & Admin	41.14	44.44	36.30	38.11	38.45	41.48	41.73	26.13	47.97	104.33	54.44	57.61	91.25	117.59	116.84	125.76	112.57	148.67	144.08	147.25
Total Operating Expenses	104.05	47.82	38.80	40.66	28.81	47.92	67.78	93.34	52.14	576.33	88.54	30.43	97.28	370.40	160.05	144.22	214.95	243.00	578.20	310.35
Operating Income	(95.79)	(26.35)	(16.89)	(22.62)	(18.27)	(23.82)	(45.94)	(70.05)	(29.11)	(680.45)	(60.32)	(7.01)	(91.34)	(529.64)	(149.96)	(215.36)	(187.71)	(233.20)	(553.61)	(284.26)
Interest Expense	12.31	7.34	8.80	9.74	15.38	16.77	21.28	21.13	21.14	35.50	24.62	27.42	32.19	26.33	26.41	26.65	24.56	4.75	1.03	1.52
Pretax Income	(157.96)	(62.26)	(1.42)	(41.24)	(221.17)	(121.58)	(131.25)	(64.82)	(123.00)	(739.72)	(231.35)	(135.34)	(39.84)	(587.07)	(115.68)	(19.54)	392.86	(611.75)	(844.85)	(96.00)
Tax Provision	(0.85)	0.37	0.21	0.29	0.33	0.32	0.30	(1.43)	6.19	(16.36)	(1.08)	12.82	2.02	(8.46)	(0.18)	(3.21)	2.90	4.95	(15.60)	0.55
Net Income	(157.11)	(62.63)	(1.64)	(41.53)	(220.79)	(121.90)	(128.29)	(92.34)	(127.14)	(711.62)	(216.80)	(310.01)	(38.12)	(574.62)	(108.92)	(11.06)	392.42	(699.98)	(904.38)	(32.06)
Basic EPS	(0.47)	(0.18)	(0.01)	(0.22)	(1.47)	(1.11)	(1.48)	(5.67)	(1.60)	(0.83)	(2.62)	(0.43)	(0.07)	--	(0.28)	(0.03)	1.02	--	--	(0.09)
Diluted EPS	(0.47)	(0.18)	(0.01)	(0.22)	(1.47)	(1.11)	(1.48)	(5.67)	(1.60)	(0.83)	(2.62)	(0.43)	(0.07)	--	(0.28)	(0.03)	0.84	--	--	(0.09)

Cash Flow Statement

(in millions CAD)

Metric	Q4 2026	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Operating Cash Flow	(18.25)	(17.24)	(17.98)	(10.34)	(33.15)	(26.97)	(105.63)	(51.78)	(139.74)	(32.57)	(78.65)	(148.67)	(126.69)	(167.38)	(85.96)	(165.78)	(97.83)	(87.60)	(161.75)	(118.55)
Capital Expenditures	1.00	1.80	1.23	1.31	3.09	1.22	6.51	3.92	3.04	0.56	0.63	2.01	0.06	0.96	15.38	20.28	26.53	47.78	28.65	61.55
Free Cash Flow*	(19.25)	(19.04)	(19.20)	(11.64)	(36.24)	(28.18)	(112.14)	(55.70)	(142.78)	(33.13)	(79.28)	(150.68)	(126.75)	(168.34)	(101.34)	(186.06)	(124.35)	(135.39)	(190.40)	(180.09)
Investing Cash Flow	(42.64)	5.27	16.73	(0.70)	(1.00)	(14.79)	(31.99)	(33.03)	91.25	(0.61)	60.14	142.57	301.92	(24.80)	328.26	(374.56)	(555.19)	239.21	(142.15)	(425.98)
Financing Cash Flow	46.61	91.34	169.00	25.46	(15.96)	(30.10)	194.72	105.78	126.23	(66.23)	(274.19)	(133.11)	0.81	0.34	(1.71)	(44.97)	995.63	18.34	3.50	247.30

* Derived from reported values