Canopy Growth Reports 22% Revenue Growth Driven by International Expansion and MTL Cannabis Acquisition
Canopy Growth Corporation (CGC) reported a significant increase in consolidated net revenue to $81.4 million for Q2 2027, representing 22% year-over-year growth. This expansion was primarily fueled by the integration of MTL Cannabis and a massive 141% surge in international cannabis revenue, particularly from medical sales in Germany and Poland. Despite top-line success, the company reported a widening net loss of $40.7 million, largely due to $35.8 million in fair value charges related to Canopy USA assets. Adjusted gross margins also saw a slight compression to 31% from 33%, which management attributed to reduced reimbursement rates from Veterans Affairs Canada. However, the company is showing signs of operational improvement with an improved adjusted EBITDA loss and reduced free cash outflow.
Tickers: $CGC
Topics: acquisition integration cannabis industry earnings report international expansion
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