Canopy Growth's Business Is Improving. So Why Isn't the Stock Performing Better?

Key Points Canopy Growth recently reported incrementally stronger results, but the stock continues to languish. Slow legalization progress and share dilution keeps weighing on its performance. Until these issues are resolved, stick to stronger plays, such as profitable multi-state operators. 10 stocks we like better than Canopy Growth › As seen in Canopy Growth 's (NASDAQ: CGC) latest quarterly earnings release, a turnaround remains in motion. In its fiscal 2027's first quarter, ended June 30, 2026, the Canada-based cannabis company reported net revenue of $81.2 million CAD ($58.6 million), a 13% increase compared to the prior year's quarter.