Canopy Growth’s quarterly loss was wider than analysts expected, though reported revenue growth pointed to stronger international cannabis sales.
Canopy Growth Corp. (TSX: WEED) reported an adjusted calendar EPS loss of C$0.08 for the quarter ended September 30, 2026. Analysts had expected a loss of C$0.03, making the result a 166.7% miss. The company also reported 22% net revenue growth, including a 141% increase in international cannabis revenue. For Canadian investors, the key question is whether sales growth can lead to better profitability. See the WEED stock page for more company data.
Recent earnings trend
Canopy Growth Corp
WEED.TO
WEED.TO
Canopy Growth Corp
WealthAwesomeMarket cap
$413.36M
52W high
$3.28
52W low
$0.83
1W change
-1.08%
Beta
2.44
Analyst Price Targets
Based on analyst covering WEED · as of Oct 23, 2026
Wall Street analysts forecast WEED stock price to rise 113.4% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$1.96
+113.4% Upside
Previously C$2.02 on Sep 17, 2026
Current Price
C$0.92
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on WEED's historical volatility
30-Day Vol
55.7%
Annualized
90-Day Vol
44.2%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.77
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.87 | C$0.72 – C$1.05 |
| 60 trading days | C$0.82 | C$0.62 – C$1.07 |
| 90 trading days | C$0.77 | C$0.55 – C$1.07 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 1 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 |
|---|---|---|---|---|
| 2026-12-31 | 2027-02-05 | — | -0.0100 | — |
| 2026-09-30 | 2026-11-06 | -0.0800 | -0.0300 | -166.7% |
| 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% |
Investor takeaway: Canopy missed earnings, but reported revenue growth offers a more positive sign on demand, especially internationally. The figures provided don’t include actual revenue or margin amounts, so they don’t show whether growth improved the company’s underlying economics. Canopy remains unprofitable, with reported TTM EPS of -C$0.71 and a profit margin of -79.22%.
C$0.08 loss per share
The reported loss was C$0.05 per share greater than analysts expected. The percentage miss looks large because the expected loss was small, so the per-share figures help put the headline result in context.
Bull case
Canopy reported 22% net revenue growth, including a 141% increase in international cannabis revenue. That suggests growth extends beyond Canada. The earnings history provided also shows two beats in the last four comparable quarters. Analysts’ average target of C$1.96 is well above the last close of C$0.92. But that target isn’t a guarantee, and the supplied data doesn’t include formal ratings for the Canadian listing.
Bear case
EPS of -C$0.08 missed the -C$0.03 estimate, and the company remains deeply unprofitable based on the TTM figures provided. At the last close, the share price was below its 50-day and 200-day moving averages. It had also fallen 27.0% over the month. Revenue growth alone doesn’t show that Canopy is close to sustainable profitability.
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