Canopy Growth Corp surprises investors with a positive earnings report, signaling potential recovery in the cannabis market.
On August 7, 2026, Canopy Growth Corp (WEED.TO) reported its first-quarter earnings for fiscal 2027, showcasing a notable improvement in revenue and a significant narrowing of losses. This positive trend has caught the attention of investors as the company continues to navigate the evolving cannabis landscape.
Recent earnings trend
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Canopy Growth Corp
WEED.TO
WEED.TO
Canopy Growth Corp
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Market cap
$614.33M
52W high
$3.28
52W low
$1.18
1W change
+2.33%
Beta
2.41
Analyst Price Targets
Based on analyst covering WEED
Wall Street analysts forecast WEED stock price to rise 53.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$2.02
+53.0% Upside
Current Price
C$1.32
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
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Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WEED's historical volatility
30-Day Vol
42.1%
Annualized
90-Day Vol
60.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$1.10
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$1.24 | C$1.08 โ C$1.44 |
| 60 trading days | C$1.17 | C$0.95 โ C$1.44 |
| 90 trading days | C$1.10 | C$0.86 โ C$1.42 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 3 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | โ | -0.0300 | โ |
| 2026-06-30 | 2026-08-07 | -0.0200 | -0.0300 | +33.3% |
| 2025-12-31 | 2026-02-06 | -0.1400 | -0.0500 | -180.0% |
| 2025-09-30 | 2025-11-07 | 0.0030 | -0.1100 | +102.7% |
| 2025-06-30 | 2025-08-08 | -0.1900 | -0.1200 | -58.3% |
| 2025-03-31 | 2025-05-30 | -1.3200 | -0.2000 | -560.0% |
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Investor takeaway: Canopy Growth's recent earnings report indicates a shift towards growth and operational efficiency, making it an intriguing option for investors looking at the cannabis sector. The company's ability to reduce losses while increasing revenue could signal a turning point in its financial performance.
Canopy Growth Reports EPS of -$0.02, Beating Estimates by 33.3%
The company's reported EPS of -$0.02 exceeded analyst expectations of -$0.03, reflecting a positive earnings surprise and a narrowing of losses compared to the previous year.
Bull case
Canopy Growth is seeing strong revenue growth across all segments, especially in medical cannabis. The successful integration of MTL Cannabis could lead to even better profitability and increased market share.
Bear case
Despite the positive earnings surprise, Canopy Growth still faces challenges. The company is dealing with a high free cash outflow and ongoing pressures from changes in medical cannabis reimbursement rates, which could affect its future performance.
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