Home / Going-concern warnings / Canopy Growth Corp

5/5Canopy Growth Corp (CGC): Going-concern doubt

Filed 2025-05-30 路 Form 10-K 路 Accession 0000950170-25-079317 micro

Market data

Price before filing: $1.71 (2025-05-29 close, split/dividend-adjusted)
Market cap at flag: $248.6M (2025-05-30) 路 Latest: $301.1M (2026-10-16)

What happened next

WindowCGCSPYvs SPY
30 days-28.7%+5.0%-33.7%2025-06-30
90 days+9.9%+10.3%-0.4%2025-08-28
180 days-29.2%+15.9%-45.1%2025-11-26

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"Emphasis of Matter As discussed in Note 2 to the financial statements, the Company has experienced recurring losses from operations and requires additional capital to fund its operations, which raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: independent auditor report in Form 10-K (period 2025-03-31)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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