Canopy Growth posts 13% revenue rise and narrows losses in Q1 fiscal 2027, shares up 5%.

Canopy Growth Corporation reported a 13% increase in net revenue to C$81.2 million for the first quarter of fiscal 2027, beating analyst estimates. The company saw revenue growth across all segments, including a 14% rise in cannabis sales and a 6% increase in Storz & Bickel product revenue. Adjusted EBITDA losses narrowed by 59% to C$3.2 million, and net loss dropped 68% year-over-year, driven by higher sales and cost savings. CEO Luc Mongeau highlighted strong momentum and clear growth strategies for the year ahead.