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Extra Everything: The Story of Chipotle
Chipotle's story from a single restaurant to a nationwide chain, through crisis and turnaround, built on one of the strongest models in the industry.
Canopy Growth
Canopy Growth (WEED) investor relations material
Canopy Growth Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary15 Jun, 2026
Executive summary
Fiscal 2026 was transformative, with streamlined operations, cost base reset, and resource reallocation to high-return areas.
Net revenue grew 6% to CAD 285 million, with Q4 consolidated net revenue up 10% year-over-year to CAD 71.2 million.
Canada adult-use cannabis net revenue rose 20% for the year, while Canada medical cannabis grew 18% for the year and 27% in Q4.
Acquisition of MTL Cannabis established leadership in Canadian medical cannabis and accelerated integration and synergy realization.
Recapitalization strengthened the balance sheet, stabilized cash, and extended debt maturities to 2031, ending FY2026 with CAD 131 million net cash.
Financial highlights
Q4 cannabis net revenue reached CAD 54.5 million, up 20% year-over-year; full-year cannabis net revenue was CAD 213.9 million, up 15%.
International cannabis net revenue in Q4 was CAD 8.6 million, up 68% year-over-year, mainly from Poland and Germany.
Adjusted gross margin for cannabis in Q4 was 26%, up from 12% in Q4 2025; consolidated Q4 adjusted gross margin was 27%.
Adjusted EBITDA loss for Q4 was CAD 6 million, a CAD 3 million improvement year-over-year; full-year adjusted EBITDA loss was CAD 20.2 million, improved by 14%.
Free cash outflow improved to CAD 69.1 million in FY2026 from CAD 176.6 million in FY2025.
Outlook and guidance
Expectation to achieve positive Adjusted EBITDA during fiscal 2027, with improvements more pronounced in the second half as MTL Cannabis integration progresses.
Anticipate slower growth in the first half of fiscal 2027 due to integration and product portfolio adjustments.
Strengthened cultivation practices and ongoing cost discipline projected to enhance gross margin and reduce operating expenses.
Early fiscal 2027 trends show continued market share momentum and top-three positions in key Canadian categories.
International and recreational segments expected to drive overall growth, with Canadian medical facing headwinds but aiming for flat EBITDA.
Impact of MTL acquisition on inventory charges
Mitigating Veterans Affairs reimbursement cuts
Effect of US tariffs on Storz & Bickel margins
MTL cultivation impact on premium flower share
Pricing tactics to offset VAC reimbursement cuts
Triggers for US plant-touching investments
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Latest events from Canopy Growth
- Acquisition creates Canada's top medical cannabis provider and accelerates profitability.WEED
M&A presentation16 Apr 2026 - Net loss narrowed 49% year-over-year as Canadian cannabis revenue grew and cost savings took hold.WEEDQ3 202613 Apr 2026
- Q3 FY2026 saw stable revenue, improved margins, and strategic moves to lead in cannabis markets.WEEDInvestor presentation23 Mar 2026
- Registering 18.7M shares for resale, with proceeds from warrants supporting investments amid financial risk.WEEDRegistration Filing6 Feb 2026
- Gross margin up 35%, EBITDA loss narrowed 77%, medical and international growth strong.WEEDQ1 20251 Feb 2026
- All proposals passed, with U.S. regulatory changes highlighted as a key opportunity.WEEDAGM 202420 Jan 2026
- Gross margin rose to 35% as Storz & Bickel and medical cannabis drove improved profitability.WEEDQ2 202515 Jan 2026
- 52.3 million shares registered for resale amid financial uncertainty and high risk.WEEDRegistration Filing9 Jan 2026
- Medical cannabis and Storz & Bickel growth drove improved margins and reduced losses.WEEDQ3 202523 Dec 2025
Next Canopy Growth earnings date
Q1 20277 Aug, 2026
Canopy Growth
Next Canopy Growth earnings date
Q1 20277 Aug, 2026
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Amina0781App Store
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@theshortbearx.com
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