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How Canopy Growth (CGC) makes money

Canopy Growth (CGC) made $99.5M of revenue in the second quarter fiscal 2027 (Q2 FY27), +20% from a year earlier. Cannabis Net Revenue brought in $66.2M (67%); Other revenues brought in $18.1M (18%); Storz and Bickel brought in $15.1M (15%).

Drawing the Sankey…

Canopy Growth revenue by segment, Q2 FY27Canopy Growth revenue by segment, Q2 FY27Cannabis Net Revenue$66.2MOther revenues$18.1MStorz and Bickel$15.1M
Canopy Growth: revenue by line, Q1 FY26 to Q2 FY27Canopy Growth: revenue by line, Q1 FY26 to Q2 FY27Cannabis Net RevenueStorz and BickelOther revenuesCannabis Net Revenue: $66.2M latest$66.2MStorz and Bickel: $15.1M latest$15.1MOther revenues: $18.1M latest$18.1MQ1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Cannabis Net Revenue went from 64% of revenue in Q1 FY26 to 67% in Q2 FY27, the largest shift in the mix.
Canopy Growth revenue by quarterCanopy Growth revenue by quarter$78.0MQ4 FY25$88.7MQ1 FY26$83.0MQ2 FY26$90.4MQ3 FY26$84.7MQ4 FY26$100MQ1 FY27$99.5MQ2 FY27

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Cannabis Net Revenue$66.2M66.6%+2%+30%
Other revenues$18.1M18.2%-6%+11%
Storz and Bickel$15.1M15.2%-6%-4%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$99.5M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$99.5M+20%
Q1 FY27$100M+13%
Q4 FY26$84.7M+9%
Q3 FY26$90.4M+5%
Q2 FY26$83.0M+12%
Q1 FY26$88.7M+17%
Q4 FY25$78.0M-6%

From Canopy Growth's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does Canopy Growth make money?

Canopy Growth (CGC) made $99.5M of revenue in the second quarter fiscal 2027 (Q2 FY27), +20% from a year earlier. Cannabis Net Revenue brought in $66.2M (67%); Other revenues brought in $18.1M (18%); Storz and Bickel brought in $15.1M (15%).

What is Canopy Growth's biggest business?

Cannabis Net Revenue: $66.2M in the second quarter fiscal 2027, 67% of revenue, +30% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.