CGC — Canopy Growth Corp

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates CGC Bearish with a Setup Score of 50, net conviction 60, actionability 42. How the Setup Score works →

Total Setup Score50
Directional BiasBearish
Net Conviction60
Actionability42 (in range)

Key signals behind this score

About Canopy Growth Corp

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and cannabis-related products for medical and adult use in Canada, Germany, the United States, and internationally. The company operates through two segments, Cannabis and Storz & Bickel. It also provides vaporizers and accessories; dried flower and pre-rolled joints, oil, and vapes and beverages; extracts and concentrates, suc… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$0.83
Market Cap$380M
Float422.1M
Shares Outstanding423.0M
P/E (Forward)20.37
Price/Sales (TTM)1.30
vs. Analyst Target+44.1% to analyst PT
Profit Margin-79.22%
Operating Margin (TTM)-21.66%
Revenue (TTM)$294M
Dividend RateNone
Analyst Target Price$1.20 (8 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2021 $547M -$1.74B $67.0M -$450M
2022 $476M -$310M -$187M -$53.0M
2023 $333M -$3.28B -$63.5M -$2.88B
2024 $297M -$657M $80.9M -$313M
2025 $269M -$598M $79.5M -$479M
2026 $285M -$263M $69.7M -$188M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $66.7M -$1.6M
Dec 2025 $102M -$85.9M
Mar 2026 $71.2M -$157M
Jun 2026 $81.2M -$14.6M

Ownership & Float

Insider Ownership0.2%
Institutional Ownership8.0%
Short Float6.2%
% of All Funds Holding2.41%
Number of Funds Holding212

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$0.95Near-term / short-term trend
Weekly40-Week SMA$1.03Medium-term trend
Weekly80-Week SMA$1.17Cyclical trend (business cycle)
Weekly200-Week SMA$5.39Secular trend (multi-year)
Monthly10-Month SMA$1.00Near-term monthly trend
Monthly20-Month SMA$1.13Medium-term monthly trend
Monthly40-Month SMA$3.40Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$1.80 resistance 1.63x 19 months ago

Historical Earnings Reactions (49 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.85% 0.41% 53.06% 16.97% -11.84%
1 Day 1.29% -0.69% 38.78% 26.40% -14.72%
1 Week 0.49% -0.91% 46.94% 41.48% -35.44%
2 Weeks -0.97% -0.66% 48.98% 38.52% -32.36%
1 Month -2.17% -5.57% 31.25% 186.32% -51.06%

Next earnings: November 6, 2026 (24 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan10.8%50.0%12
Feb-8.5%33.3%12
Mar4.9%25.0%12
Apr6.5%58.3%12
May-9.8%15.4%13
Jun-10.1%46.2%13
Jul-0.6%38.5%13
Aug10.6%53.8%13
Sep-3.2%30.8%13
Oct10.8%41.7%12
Nov10.2%41.7%12
Dec-7.2%25.0%12

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.58% 47.4% 589
Tuesday 0.08% 44.0% 648
Wednesday 0.19% 44.7% 645
Thursday -0.43% 39.7% 632
Friday -0.10% 41.7% 628

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 8.0%

Insider Transactions — Smart Summary

Total insider ownership: 0.2%

12-Month Insider Activity Summary

Total Filings21
Net Value-$255,037.24
Net Shares Change1,432,474
% of Float0.3%
C-Suite Filings7
Clusters Detected3

Key Insiders

NameTitleNet ValueFilingsActivity
Mongeau Luc Chief Executive Officer -$131,728.517 1 1 sell
Gedeon Christelle Chief Legal Officer and Corporate Secretary -$77,081.735 2 2 sell
Stewart Thomas Carlton Chief Financial Officer and Chief Accounting Officer -$36,276.239 3 3 sell
Lazzarato David Angelo -$20,741.784 1 1 sell
Yanofsky Theresa -$13,827.856 1 1 sell
BAYERN JOSEPH -$2,869.373 1 1 sell
ATKINS M SHAN -$2,869.373 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2026-04-02 – 2026-04-02 4 4 -$28,577.97
2026-06-22 – 2026-06-29 7 7 -$238,994.582 3 C-suite
2026-09-17 – 2026-09-30 5 5 -$64,260.536 1 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-09-17 Stewart Thomas Carlton Chief Financial Officer and Chief Accounting Officer -$23,952.15 Transaction at $0.93, now -10.8%
2026-09-30 Yanofsky Theresa -$13,827.856 Transaction at $0.93, now -10.4%
2026-09-30 Lazzarato David Angelo -$20,741.784 Transaction at $0.93, now -10.4%
2026-09-30 BAYERN JOSEPH -$2,869.373 Transaction at $0.93, now -10.4%
2026-09-30 ATKINS M SHAN -$2,869.373 Transaction at $0.93, now -10.4%
2026-08-25 Stewart Thomas Carlton Chief Financial Officer and Chief Accounting Officer -$3,279.57 Transaction at $1.47, now -43.5%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Canopy Growth Corp (CGC) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for CGC on Trend Edge →