Home / Restatements / Canopy Growth Corp
Filed 2026-05-15 路 Form 8-K 路 Accession 0001104659-26-062784 small
Price before filing: $1.07 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $400.4M (2026-05-15) 路 Latest: $301.1M (2026-10-16)
| Window | CGC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -8.1% | +0.9% | -9.0% | 2026-06-15 |
| 90 days | -5.6% | +4.2% | -9.8% | 2026-08-13 |
| 180 days | pending | pending | until 2026-11-11 |
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.
90 days before the flag: 4 insiders sold $29K (4 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | ATKINS M SHAN Director | Sale | 2,074 | $0.93 | $2K | no | Form 4 |
| 2026-03-31 | BAYERN JOSEPH Director | Sale | 2,658 | $0.93 | $2K | no | Form 4 |
| 2026-03-31 | Lazzarato David Angelo Director | Sale | 15,624 | $0.93 | $15K | no | Form 4 |
| 2026-03-31 | Yanofsky Theresa Director | Sale | 10,373 | $0.93 | $10K | no | Form 4 |
| 2026-05-15: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-14 to 2026-06-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"In addition, the reports of the Company's independent registered public accounting firms included in the 2024 10-K and the 2025 10-K should no longer be relied upon."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Auditor change, Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.