Canopy Growth

Canopy Growth surged intraday, rising approximately 9.1% to $1.035 as of ET 10:03, driven by post-earnings digestion of revenue beat and cost-control progress. Q4 FY2026 revenue of $51.1M was up 12.6% YoY, and while net loss widened to $112.8M, EPS loss narrowed 50.72% to -$0.293, with operating loss of only $12.6M signaling improving operating leverage. The stock rallied from a pre-market low of $0.9415 (ET 05:38) to an intraday high of $1.05, breaking above the 20-day MA ($0.98), yet remains 56.51% below the 52-week high of $2.38 and below the 60-day MA ($1.063), with a YTD decline of 13.03%. However, the disclosure of a material weakness in financial controls raised ongoing reporting and capital-raising risks, which could temper further upside.