Canopy Growth Corp Stock Research

Market Summary

USD2.04+0.01

Market Closed

0.49%

CGC Alerts

Big fall in Revenue (Y/Y)
Big fall in earnings (Y/Y)
Losses in recent quarter

CGC Stock Price

CGC RSI Chart

CGC Valuation

Market Cap

991.7M

Price/Earnings (Trailing)

-0.32

Price/Sales (Trailing)

2.07

EV/EBITDA

-0.24

Price/Free Cashflow

-1.8

CGC Price/Sales (Trailing)

CGC Profitability

EBT Margin

-660.13%

Return on Equity

-220.35%

Return on Assets

-104.01%

Free Cashflow Yield

-55.54%

CGC Fundamentals

CGC Revenue

Revenue (TTM)

478.9M

Revenue Y/Y

-26.88%

Revenue Q/Q

-10.13%

CGC Earnings

Earnings (TTM)

-3.1B

Earnings Y/Y

-140.15%

Earnings Q/Q

-17.93%

Price Action

52 Week Range

1.978.79

(Low)(High)

Last 7 days

-9.0%

Last 30 days

-11.3%

Last 90 days

-22.2%

Trailing 12 Months

-65.4%

CGC Financial Health

Current Ratio

1.73

Debt/Equity

0.23

Debt/Cashflow

-1.7

CGC Investor Care

Shares Dilution (1Y)

23.44%

Diluted EPS (TTM)

-7.44

Peers (Alternatives to Canopy Growth)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JNJ	404.8B	94.9B	-5.16%	-10.64%	22.56	4.26	1.25%	-14.07%
LLY	296.8B	28.5B	-5.67%	20.74%	47.53	10.4	0.79%	11.88%
MRK	272.8B	59.3B	-1.75%	40.02%	17.88	4.63	21.72%	11.27%
PFE	226.4B	100.3B	-8.43%	-20.95%	7.22	2.26	23.43%	42.74%
BMY	142.7B	46.2B	-7.78%	-1.12%	22.55	3.09	-0.49%	-9.54%
MID-CAP
PRGO	4.8B	4.5B	-0.20%	-5.41%	-34.17	1.08	7.56%	-104.06%
RETA	3.3B	2.2M	105.10%	171.03%	-10.52	1.5K	-80.71%	-4.88%
SMALL-CAP
SUPN	1.9B	667.2M	-9.96%	17.66%	31.57	2.87	15.09%	13.64%
TLRY	1.6B	602.5M	-17.77%	-52.80%	-2.74	2.63	18.18%	-18.59%
CGC	991.7M	478.9M	-11.35%	-65.42%	-0.32	2.07	-31.50%	-634.70%
INVA	792.9M	285.2M	-7.22%	-37.95%	3.6	2.78	-27.21%	-40.28%
CRON	768.8M	114.5M	-15.28%	-37.42%	-4.56	6.72	27.90%	57.40%
ACRS	541.5M	29.8M	-40.95%	-47.43%	-6.23	18.2	340.05%	4.35%
OCUL	400.7M	51.5M	-2.49%	-0.39%	-5.64	7.78	18.32%	-984.05%
ENDP	94.1M	2.3B	-43.99%	-88.43%	-0.03	0.04	-22.53%	-376.66%

Financials for Canopy Growth

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q4	2022Q1	2021Q4	2021Q3	2021Q2
Revenue	-17.7%	478,944,000	582,218,000	699,238,222	816,258,444	933,278,667
Gross Profit	17.5%	-159,254,000	-193,054,000	-24,012,000	-	-
Operating Expenses	185.3%	2,538,229,000	889,620,000	762,221,000	-	-
S&GA Expenses	-0.7%	469,482,000	472,756,000	503,831,000	-	-
R&D Expenses	-	32,344,000	-	-	-	-
EBITDA	-1029.6%	-2,968,160,000	-262,760,000	-	-	-
EBITDA Margin	-1273.2%	-6.20	-0.45	-	-	-
Earnings Before Taxes	-859.7%	-3,161,673,000	-329,433,000	-354,112,000	-	-
EBT Margin	-1066.7%	-6.60	-0.57	-	-	-
Interest Expenses	9.5%	130,548,000	119,249,000	96,731,000	-	-
Net Income	-939.5%	-3,141,153,000	-302,181,000	-427,543,000	-	-
Net Income Margin	-1163.6%	-6.56	-0.52	-	-	-
Free Cahsflow	5.5%	-550,735,000	-582,495,000	-	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-11.2%	3,020	3,402	3,518	5,615	6,309
Current Assets	-23.7%	1,173	1,538	1,594	1,737	1,988
Cash Equivalents	-19.9%	598	747	769	776	615
Inventory	1.3%	214	211	206	204	366
Net PPE	1.1%	874	865	926	943	1,080
Goodwill	4.1%	142	137	138	1,867	1,988
Liabilities	-9.1%	1,580	1,738	1,835	1,985	2,097
Current Liabilities	25.1%	679	542	404	213	239
Long Term Debt	-78.0%	321	1,458	1,501	1,510	-
LT Debt, Current	41.5%	455	322	193	9.00	16.00
LT Debt, Non Current	-27.3%	750	1,032	1,265	1,492	1,495
Shareholder's Equity	-12.3%	1,426	1,625	1,641	3,590	4,143
Retained Earnings	-3.0%	-8,937	-8,676	-8,454	-6,370	-5,795
Additional Paid-In Capital	-0.3%	2,510	2,517	2,515	2,520	2,482
Accumulated Depreciation	-15.2%	212	250	233	235	-
Shares Outstanding	3.1%	486	472	398	391	394
Minority Interest	-5.4%	3.00	3.00	5.00	4.00	4.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	4.1%	-544	-567	-520	-545	-516
Share Based Compensation	-1.0%	33.00	34.00	40.00	48.00	54.00
Cashflow From Investing	33.0%	644	484	727	231	-626
Cashflow From Financing	-1188.2%	-145	-11.26	-1.61	-45.53	949

Risks for CGC

What is the probability of a big loss on CGC?

95.0%

Probability that Canopy Growth stock will be more than 20% underwater in next one year

86.1%

Probability that Canopy Growth stock will be more than 30% underwater in next one year.

83.0%

Probability that Canopy Growth stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CGC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Canopy Growth was unfortunately bought at previous high price.

Drawdowns

Returns for CGC

Cumulative Returns on CGC

-39.2%

5-Year Cumulative Returns

-43.0%

3-Year Cumulative Returns

What are the long-term rolling returns for CGC?

FIve years rolling returns for Canopy Growth.

Annualized Returns

Which funds bought or sold CGC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-4.81	-36,022	145,978	-%
2023-03-06	Rockefeller Capital Management L.P.	added	23.53	2,000	23,000	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	-429	1,571	-%
2023-02-27	Parallax Volatility Advisers, L.P.	new	-	301,397	301,397	-%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-97.18	-12,695	305	-%
2023-02-24	NATIXIS	new	-	4,851	4,851	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	reduced	-17.73	-17,390	39,610	-%
2023-02-17	Coppell Advisory Solutions Corp.	new	-	5,768	5,768	-%
2023-02-17	TRUIST FINANCIAL CORP	reduced	-12.67	-15,514	43,486	-%
2023-02-16	MAVERICK CAPITAL LTD	added	157	123,891	227,891	-%

Latest Funds Activity

Are funds buying CGC calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CGC

No. of Funds

Canopy Growth News

Schedule 13G FIlings of Canopy Growth

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Oct 26, 2022	greenstar canada investment limited partnership	13.9%	66,999,258	SC 13D/A
Jul 19, 2022	greenstar canada investment limited partnership	14.0%	66,999,258	SC 13D/A
Jul 01, 2022	greenstar canada investment limited partnership	13.0%	59,683,716	SC 13D/A
Apr 29, 2021	cbg holdings llc	47.3%	244,245,453	SC 13D/A
May 04, 2020	greenstar canada investment limited partnership	10.2%	37,753,802	SC 13D/A

CGC Fair Value

Canopy Growth fair value in different scenarios

The table shows the Fair Value estimates for Canopy Growth for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	0.69 -66.18%	0.74 -63.73%	0.83 -59.31%	1.04 -49.02%	1.28 -37.25%
Current Inflation	0.68 -66.67%	0.73 -64.22%	0.81 -60.29%	1.00 -50.98%	1.21 -40.69%
Very High Inflation	0.68 -66.67%	0.72 -64.71%	0.79 -61.27%	0.94 -53.92%	1.12 -45.10%

Historical Canopy Growth Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Canopy Growth

View All Filings

Date Filed	Form Type	Document
Feb 21, 2023	8-K	Current Report
Feb 21, 2023	S-3ASR	S-3ASR
Feb 09, 2023	10-Q	Quarterly Report
Feb 09, 2023	8-K	Current Report
Jan 17, 2023	PRER14A	PRER14A
Jan 03, 2023	8-K	Current Report
Dec 30, 2022	4	Insider Trading
Dec 30, 2022	4	Insider Trading
Dec 30, 2022	4	Insider Trading
Dec 15, 2022	8-K	Current Report

Latest Insider Trading transactions for CGC

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-28	SCHMELING JUDY	sold	-15,966	2.97	-5,376	-
2022-12-28	Yanofsky Theresa	sold	-33,118	2.97	-11,151	-
2022-12-28	Lazzarato David Angelo	sold	-33,261	2.97	-11,199	-
2022-09-30	Yanofsky Theresa	sold (taxes)	-14,547	3.92	-3,711	-
2022-09-30	Lazzarato David Angelo	sold (taxes)	-14,605	3.92	-3,726	-
2022-09-30	SCHMELING JUDY	sold (taxes)	-7,012	3.92	-1,789	-
2022-06-30	Lazzarato David Angelo	sold (taxes)	-13,808	3.71	-3,722	-
2022-06-30	Yanofsky Theresa	sold (taxes)	-13,753	3.71	-3,707	-
2022-06-29	CONSTELLATION BRANDS, INC.	acquired	-	-	21,929,900	-
2022-06-29	CONSTELLATION BRANDS, INC.	acquired	76,754,800	2.6245	29,245,500	-

About Canopy Growth

David E. Klein

www.canopygrowth.com

3260

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.

CGC Income Statement

2022-09-30

Condensed Interim Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - CAD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenue	$ 130,359	$ 145,648	$ 253,221	$ 301,071
Excise taxes	12,496	14,274	25,243	33,488
Net revenue	117,863	131,374	227,978	267,583
Cost of goods sold	114,042	202,514	225,549	311,485
Gross margin	3,821	(71,140)	2,429	(43,902)
Operating expenses
Selling, general and administrative expenses	125,842	125,756	229,255	238,330
Share-based compensation	9,858	15,953	15,297	29,079
Asset impairment and restructuring costs	43,968	2,510	1,771,953	91,759
Total operating expenses	179,668	144,219	2,016,505	359,168
Operating loss	(175,847)	(215,359)	(2,014,076)	(403,070)
Loss from equity method investments				(100)
Other income (expense), net	(47,844)	195,821	(293,422)	776,487
(Loss) income before income taxes	(223,691)	(19,538)	(2,307,498)	373,317
Income tax (expense) recovery	(8,220)	3,207	(11,969)	307
Net (loss) income	(231,911)	(16,331)	(2,319,467)	373,624
Net loss attributable to noncontrolling interests and redeemable noncontrolling interest	(10,105)	(5,273)	(14,513)	(7,736)
Net (loss) income attributable to Canopy Growth Corporation	$ (221,806)	$ (11,058)	$ (2,304,954)	$ 381,360
Basic (loss) earnings per share	$ (0.47)	$ (0.03)	$ (5.30)	$ 0.98
Basic weighted average common shares outstanding	471,592,150	393,274,758	435,229,653	388,696,975
Diluted (loss) earnings per share	$ (0.47)	$ (0.03)	$ (5.30)	$ 0.72
Diluted weighted average common shares outstanding	471,592,150	393,274,758	435,229,653	409,158,915
Comprehensive (loss) income:
Net (loss) income	$ (231,911)	$ (16,331)	$ (2,319,467)	$ 373,624
Other comprehensive income (loss), net of income tax effect
Fair value changes of own credit risk of financial liabilities	1,249	9,420	28,309	10,080
Foreign currency translation	9,015	24,650	9,773	(3,288)
Total other comprehensive income (loss), net of income tax effect	10,264	34,070	38,082	6,792
Comprehensive (loss) income	(221,647)	17,739	(2,281,385)	380,416
Comprehensive loss attributable to noncontrolling interests and redeemable noncontrolling interest	(10,105)	(5,273)	(14,513)	(7,736)
Comprehensive (loss) income attributable to Canopy Growth Corporation	$ (211,542)	$ 23,012	$ (2,266,872)	$ 388,152

CGC Balance Sheet

2022-09-30

Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($) $ in Thousands	Sep. 30, 2022	Mar. 31, 2022
Current assets:
Cash and cash equivalents	$ 746,719	$ 776,005
Short-term investments	396,702	595,651
Restricted short-term investments	12,352	12,216
Amounts receivable, net	108,236	96,443
Inventory	211,209	204,387
Prepaid expenses and other assets	62,957	52,700
Total current assets	1,538,175	1,737,402
Other financial assets	625,059	800,328
Property, plant and equipment	864,523	942,780
Intangible assets	223,501	252,695
Goodwill	136,513	1,866,503
Other assets	14,499	15,342
Total assets	3,402,270	5,615,050
Current liabilities:
Accounts payable	68,203	64,270
Other accrued expenses and liabilities	88,577	75,278
Current portion of long-term debt	321,976	9,296
Other liabilities	63,645	64,054
Total current liabilities	542,401	212,898
Long-term debt	1,032,134	1,491,695
Deferred income tax liabilities	9,758	15,991
Liability arising from Acreage Arrangement		47,000
Derivative liability	691	26,920
Other liabilities	153,257	190,049
Total liabilities	1,738,241	1,984,553
Commitments and contingencies
Redeemable noncontrolling interest	35,900	36,200
Canopy Growth Corporation shareholders' equity:
Common shares - $nil par value; Authorized - unlimited number of shares; Issued - 480,260,882 shares and 394,422,604 shares, respectively	7,818,089	7,482,809
Additional paid-in capital	2,516,811	2,519,766
Accumulated other comprehensive loss	(33,707)	(42,282)
Deficit	(8,676,020)	(6,370,337)
Total Canopy Growth Corporation shareholders' equity	1,625,173	3,589,956
Noncontrolling interests	2,956	4,341
Total shareholders' equity	1,628,129	3,594,297
Total liabilities and shareholders' equity	$ 3,402,270	$ 5,615,050