Home / Going-concern warnings / Canopy Growth Corp
Filed 2026-06-15 路 Form 10-K 路 Accession 0001193125-26-270260 small
Price before filing: $1 (2026-06-12 close, split/dividend-adjusted)
Market cap at flag: $378.4M (2026-06-15) 路 Latest: $301.1M (2026-10-16)
| Window | CGC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -4.7% | +2.0% | -6.7% | 2026-07-15 |
| 90 days | -6.2% | +2.8% | -9.0% | 2026-09-14 |
| 180 days | pending | pending | until 2026-12-12 |
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: 7 insiders sold $239K (7 sales)
| 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 |
| 2026-06-15: red flag filed | |||||||
| 2026-06-17 | Gedeon Christelle See Remarks | Sale | 58,994 | $0.97 | $57K | no | Form 4 |
| 2026-06-17 | Mongeau Luc Chief Executive Officer, Director | Sale | 135,231 | $0.97 | $132K | no | Form 4 |
| 2026-06-17 | Stewart Thomas Carlton See Remarks | Sale | 9,285 | $0.97 | $9K | no | Form 4 |
| 2026-06-26 | ATKINS M SHAN Director | Sale | 3,197 | $0.92 | $3K | no | Form 4 |
| 2026-06-26 | BAYERN JOSEPH Director | Sale | 3,197 | $0.92 | $3K | no | Form 4 |
| 2026-06-26 | Lazzarato David Angelo Director | Sale | 22,674 | $0.92 | $21K | no | Form 4 |
| 2026-06-26 | Yanofsky Theresa Director | Sale | 15,054 | $0.92 | $14K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-03-17 to 2026-07-15. 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 the past, we have identified conditions and events that raised substantial doubt about our ability to continue as a going concern and it is possible that we may identify conditions and events in the future that raise substantial doubt about our ability to continue as a going concern."
Quoted from the filing. Source
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: management disclosure in Form 10-K (period 2026-03-31)
Why this score: also within 90 days: Auditor change, Non-reliance / restatement
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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