Larger issues loom at home for the Canada-based cannabis company.
CGC Canopy Growth Corporation Common Shares
XNAS
0.69
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CGC
$0.69
—
Key stats
$0.69
- 52-Week Range
- $0.65 – $2.38
- YTD
- -42.33%
- Straddle Price
- $0.43
- P/C Vol Ratio
- 0.02
- Market Cap
- $0.3B
- Open
- $0.67
- Day Range
- $0.65 – $0.69
- Volume
- 1,155,696
- Prev Close
- $0.67
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.61 |
| Cost of Equity (CAPM) | 14.01% (VRP-adj) |
| WACC | 10.21% |
| Volatility Risk Premium | +175.0pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -10.0% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | -34.9% |
| Book / Price | 270.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 33.1% |
| FCF Margin (TTM) | -23.8% |
| Debt / Equity | 0.31 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $0.92 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $0.82 |
| Bollinger Width / SMA20 | 5161.3% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $0B |
Peers used for multiples: CRON, TLRY, TRLV
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
97%
20-Day Fair Value
≈ by Nov 20, 2026
$0.69
α +0.7%
rank 97%
conviction
47%
40-Day Fair Value
≈ by Dec 21, 2026
$0.71
α +3.3%
rank 97%
conviction
88%
60-Day Fair Value
≈ by Jan 19, 2027
$0.72
α +5.5%
rank 96%
conviction
97%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | $2.05 | 16% | median 1.1× · 3 peers |
| Peer P/S | $1.64 | 16% | median 1.8× · 3 peers |
| Market Anchor (SMA50) | $0.92 | 69% | stability 85% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- MEDICINAL CHEMICALS & BOTANICAL PRODUCTS (2833) · industry map
- Exchange
- XNAS
- Market Cap
- $0.3B
- Employees
- 1,128
- List Date
- 2014-04-07
- CIK
- 0001737927
- Next Earnings
- 2026-11-06 (Pre-Market)
- EPS Forecast
- ($0.03) (3 est.)
- Headquarters
- Smith Falls, A6
- Homepage
- https://www.canopygrowth.com
Canopy Growth Corp is a cannabis company that produces, distributes, and sells a diverse range of cannabis and cannabis-related products for adult-use and medical purposes under a portfolio of distinct brands in Canada. The Company supplies cannabis products in Canada, Europe, and Australia. It is focused on the medical and adult-use cannabis markets in Canada, offering a broad portfolio of brands and formats for medical cannabis patients and adult-use consumers. The Company operates through two reportable segments: Cannabis, which generates maximum revenue and includes the production, distrib…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 53.41% | -13.55% | 31.17% | -2.51% | -30.90% | -8.40% | 4.87% |
| Feb | -18.25% | -16.63% | -25.32% | -34.59% | -29.19% | 2.75% | -20.21% |
| Mar | -7.77% | 9.22% | -22.22% | 168.85% | -26.61% | -11.29% | 18.36% |
| Apr | -15.94% | -22.52% | -23.08% | 97.61% | 35.29% | 13.92% | 14.21% |
| May | 2.03% | -17.85% | -35.27% | -25.44% | -6.38% | -3.54% | -14.41% |
| Jun | -0.41% | -39.49% | -53.54% | -19.58% | 0.83% | -12.04% | -20.71% |
| Jul | -21.04% | -6.41% | -16.44% | 18.94% | -8.85% | -6.68% | -6.75% |
| Aug | -8.35% | 45.45% | 21.26% | -23.04% | 71.43% | 3.89% | 18.44% |
| Sep | -17.74% | -22.44% | 42.33% | -4.37% | -2.01% | -8.09% | -2.05% |
| Oct | -5.82% | 28.18% | -23.31% | 4.08% | -10.14% | -22.22%* | -4.87% |
| Nov | -19.17% | 3.72% | 1.21% | -20.37% | -2.50% | -- | -7.42% |
| Dec | -12.17% | -41.22% | -17.31% | -27.89% | 0.88% | -- | -19.54% |
| Total | -60.68% | -74.99% | -83.69% | 6.27% | -37.94% | -44.07% | -49.18% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $0.81
SMA 50: $0.91
SMA 200: $1.02
Current: $0.69
EMA 12: $0.75
EMA 26: $0.81
MACD: -0.0656 | Signal: -0.0113
BEARISH
ADX (14): 45.99
STRONG TREND
+DI: 6.26
−DI: 34.61
Momentum Oscillators
RSI (14): 25.15
OVERSOLD
Stoch %K: 10.45
Stoch %D: 10.18
Williams %R: -86.02
Volume & Volatility
BB Upper: $0.99
BB Lower: $0.63
NEUTRAL
OBV: -259,728,908
Vol SMA 20: 2,588,164
Vol ROC: -72.52%
ATR: $0.04
True Range: $0.04
HV 20: 49.7%
HV 30: 46.3%
HV 60: 42.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall Assessment: BEARISH (confidence level: 6/10) Key Drivers: High volatility, negative news sentiment, technical breakdown Primary Risks: High risk due to high beta and historical volatility Recent News Sentiment Impact: Mixed signals from recent news headlines
Technical Analysis Trend Direction:
- Short-term: NEUTRAL (range-bound)
- Medium-term: BEARISH (descending trend)
- Long-term: NEUTRAL (neutral zone)
Support/Resistance Levels:
- SMA 20: $0.98
- SMA 50: $0.96
- Upper Bollinger Band: $1.07
Momentum Signals:
- RSI interpretation: Neutral (41.71 < 30)
- MACD signal: Bearish (-0.02 / Signal: -0.01)
- Bollinger Bands position: Neutral (price within bands)
Volume Analysis:
- Volume SMA 20: 2501893.90
- On-Balance Volume (OBV): -213326075.39 (bearish)
- Volume Rate of Change: -17.34% (bearish)
News & Sentiment Analysis Recent Headlines Summary:
- Mixed news sentiment, with some headlines having a neutral or negative impact
Sentiment Assessment: NEGATIVE Catalyst Identification: None imminent, but potential for further consolidation or downtrend
Market Narrative: Technical signals are bearish, while recent news sentiment is mixed and leaning slightly towards the negative side.
Risk & Volatility Assessment Beta Interpretation: High risk (beta 1.43) Volatility Regime: High volatility Options Market Signals:
- IV rank: Medium-high (44.4%)
- Current IV: 212.5% (historically high)
- Put/call ratios: Bullish sentiment
Downside Protection: Support levels are present at SMA 20 and lower Bollinger Band.
Market Context & Positioning Sector Performance: Cannabis sector has been underperforming Institutional Activity: Moderate volume and interest from institutional investors Correlation Analysis: Stock moves more than market (beta 1.43) Relative Valuation: Overvalued relative to its peers
Key Levels & Action Items Critical Price Levels:
- SMA 20: $0.98
- Lower Bollinger Band: $0.89
Breakout/Breakdown Levels:
- Upper Bollinger Band: $1.07 (resistance)
Time-Sensitive Catalysts: None imminent
Risk Management: Stop-loss levels can be set at the lower Bollinger Band or SMA 20. Position sizing considerations should take into account the high volatility and risk.
Please note that this is a comprehensive analysis report using the provided data, but it does not constitute buy/sell advice. The reader must interpret the findings in the context of their individual investment goals and strategies.
Generated
News
All CGC news →
The cannabis industry is still finding its footing, but Tilray just posted record revenue with its beverage business turning profitable. Canopy is narrowing losses and targeting positive EBITDA by fiscal year-end.
Canopy pursues a lean U.S.-focused strategy while Tilray has diversified into beverages, but their diverging paths and financial profiles reveal starkly different risk-reward profiles for 2026.
The company is still burning through cash, and its outlook doesn't look all that great.
Improving fundamentals are making Canopy harder to ignore.
Canopy Growth's stock has continued to fall, prompting the company to proactively seek to retain access to capital markets.
Earnings History
16 of 22 under expected move
Avg Expected Move
14.04%
Avg Actual Move
8.17%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-09 | Pre-Market | 10.28% | 11.90% | 1.16x | Exceeded |
| 2021-08-06 | Pre-Market | 13.18% | 0.05% | 0.00x | Within |
| 2021-11-05 | Pre-Market | 10.42% | 11.09% | 1.06x | Exceeded |
| 2022-02-09 | Pre-Market | 15.25% | 15.08% | 0.99x | Within |
| 2022-04-29 | Pre-Market | 5.04% | 4.77% | 0.95x | Within |
| 2022-08-05 | Pre-Market | 13.59% | 6.57% | 0.48x | Within |
| 2022-11-09 | Pre-Market | 16.35% | 0.31% | 0.02x | Within |
| 2023-02-09 | Pre-Market | 10.95% | 17.15% | 1.57x | Exceeded |
| 2023-06-22 | Pre-Market | 22.58% | 0.27% | 0.01x | Within |
| 2023-08-09 | Pre-Market | 26.09% | 0.13% | 0.00x | Within |
| 2023-11-09 | Pre-Market | 18.64% | 10.01% | 0.54x | Within |
| 2024-02-09 | Pre-Market | 16.30% | 2.19% | 0.13x | Within |
| 2024-05-30 | Pre-Market | 9.55% | 1.30% | 0.14x | Within |
| 2024-08-09 | Pre-Market | 8.53% | 7.95% | 0.93x | Within |
| 2024-11-08 | Pre-Market | 9.34% | 6.81% | 0.73x | Within |
| 2025-02-07 | Pre-Market | 16.73% | 27.34% | 1.63x | Exceeded |
| 2025-05-30 | Pre-Market | 14.91% | 22.81% | 1.53x | Exceeded |
| 2025-08-08 | Pre-Market | 14.29% | 19.05% | 1.33x | Exceeded |
| 2025-11-07 | Pre-Market | 13.76% | 7.34% | 0.53x | Within |
| 2026-02-06 | Pre-Market | 12.96% | 1.85% | 0.14x | Within |
| 2026-06-15 | Pre-Market | 12.00% | 1.71% | 0.14x | Within |
| 2026-08-07 | Pre-Market | 18.24% | 4.07% | 0.22x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
CGC Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $0.43
7-DTE Move: $0.56
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 141
Put Volume: 3
P/C Volume: 0.021
BULLISH
Call OI: 5,529
Put OI: 4,754
P/C OI: 0.86
Total OI: 10,283
ATM Options Pricing
ATM Call: $0.35
ATM Put: $0.09
Call %: 51.0%
Put %: 12.4%
Chain Summary
Chain Volume: 3,874
Chain OI: 266,749
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 46th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
46%
vs own history
GEX tilt
+0.30
OI-weighted, today
Vanna tilt
+0.21
δ-sensitivity to IV
Charm tilt
-0.69
δ-decay vs time
Charm tilt -0.69: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 16 ATM contracts, 45k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM 868.7% / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM 383.0% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$0.43Oct 22
Beta Analysis
Risk Metrics
Beta: 1.1889
Alpha: -53.65%
Correlation: 0.1859
R-Squared: 3.5%
Stock Volatility: 81.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own CGC
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $471K | #3198 of 3716 | -43.2% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $29K | #3077 of 3138 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $27K | #6124 of 6285 | -97.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $0K | #4693 of 4729 | -1.4% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
CGC Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 276,481,170 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
12 filers$13.82M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $4.40M | 31.84% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $2.38M | 17.25% | 2026-06-30 |
| 3 | GROUP ONE TRADING LLC Custodian | $1.66M | 11.99% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $1.33M | 9.65% | 2026-06-30 |
| 5 | Walleye Trading LLC | $1.04M | 7.53% | 2026-06-30 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $921.50K | 6.67% | 2026-06-30 |
| 7 | SIG North Trading, ULC | $725.42K | 5.25% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $715.29K | 5.18% | 2025-09-30 |
| 9 | Jane Street Group, LLC Custodian | $335.77K | 2.43% | 2026-06-30 |
| 10 | IMC-Chicago, LLC Custodian | $305.52K | 2.21% | 2026-06-30 |
| 11 | Raiffeisen Bank International AG | $760 | <0.01% | 2026-06-30 |
| 12 | Skaana Management L.P. | $380 | <0.01% | 2026-06-30 |
14 filers$8.06M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.48M | 18.35% | 2026-06-30 |
| 2 | SIG North Trading, ULC | $1.04M | 12.87% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $956.08K | 11.87% | 2026-06-30 |
| 4 | Walleye Trading LLC | $836.57K | 10.38% | 2026-06-30 |
| 5 | National Bank of Canada Custodian | $792.11K | 9.83% | 2026-06-30 |
| 6 | Jane Street Group, LLC Custodian | $691.36K | 8.58% | 2026-06-30 |
| 7 | Sculptor Capital LP | $636.50K | 7.90% | 2026-06-30 |
| 8 | Verition Fund Management LLC | $509.01K | 6.32% | 2026-06-30 |
| 9 | Simplex Trading, LLC Custodian | $332.40K | 4.13% | 2026-06-30 |
| 10 | Wolverine Trading, LLC Custodian | $276.32K | 3.43% | 2025-09-30 |
| 11 | Daiwa Securities Group Inc. | $264.10K | 3.28% | 2026-06-30 |
| 12 | GROUP ONE TRADING LLC Custodian | $94.62K | 1.17% | 2026-06-30 |
| 13 | Marex Group Ltd | $84.36K | 1.05% | 2026-06-30 |
| 14 | IMC-Chicago, LLC Custodian | $68.11K | 0.85% | 2026-06-30 |
CGC Insider Trading (Form 4)
Latest: 2026-09-30Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-30 | Joseph Bayern | Director | Sell (S) | −3,096 | $0.93 | -$2.9K | EDGAR |
| 2026-09-30 | Theresa Yanofsky | Director | Sell (S) | −14,920 | $0.93 | -$13.8K | EDGAR |
| 2026-09-30 | M Shan Atkins | Director | Sell (S) | −3,096 | $0.93 | -$2.9K | EDGAR |
| 2026-09-30 | David Angelo Lazzarato | Director | Sell (S) | −22,380 | $0.93 | -$20.7K | EDGAR |
| 2026-09-17 | Thomas Carlton Stewart | See Remarks | Sell (S) | −25,755 | $0.93 | -$24.0K | EDGAR |
| 2026-08-25 | Christelle Gedeon | See Remarks | Sell (S) | −13,344 | $1.47 | -$19.6K | EDGAR |
| 2026-08-25 | Thomas Carlton Stewart | See Remarks | Sell (S) | −2,231 | $1.47 | -$3.3K | EDGAR |
| 2026-06-29 | Theresa Yanofsky | Director | Sell (S) | −15,054 | $0.92 | -$13.9K | EDGAR |
| 2026-06-29 | David Angelo Lazzarato | Director | Sell (S) | −22,674 | $0.92 | -$20.9K | EDGAR |
| 2026-06-29 | M Shan Atkins | Director | Sell (S) | −3,197 | $0.92 | -$3.0K | EDGAR |
| 2026-06-29 | Joseph Bayern | Director | Sell (S) | −3,197 | $0.92 | -$3.0K | EDGAR |
| 2026-06-22 | Joseph Bayern | Director | Award (A) | +108,324 | — | EDGAR | |
| 2026-06-22 | M Shan Atkins | Director | Award (A) | +108,324 | — | EDGAR | |
| 2026-06-22 | David Angelo Lazzarato | Director | Award (A) | +162,485 | — | EDGAR | |
| 2026-06-22 | Christelle Gedeon | See Remarks | Mixed | +337,018 | $0.97 | -$57.5K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
CGC Insider Holdings
9 insiders · @ $0.69
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Luc Mongeau | Chief Executive Officer | 1,723,913 | $1.19M | -$157.0K | 10 | 2026-06-22 |
| 2 | Christelle Gedeon | See Remarks | 692,162 | $476.5K | -$269.2K | 13 | 2026-08-25 |
| 3 | Judy Eun Joo Hong | Chief Financial Officer | 618,567 | $425.8K | -$488.0K | 11 | 2025-06-17 |
| 4 | Thomas Carlton Stewart | See Remarks | 588,412 | $405.1K | -$59.9K | 13 | 2026-09-17 |
| 5 | David Angelo Lazzarato | Director | 189,479 | $130.4K | -$296.8K | 32 | 2026-09-30 |
| 6 | M Shan Atkins | Director | 143,421 | $98.7K | -$11.3K | 6 | 2026-09-30 |
| 7 | Joseph Bayern | Director | 142,031 | $97.8K | -$8.3K | 5 | 2026-09-30 |
| 8 | Theresa Yanofsky | Director | 131,495 | $90.5K | -$241.6K | 28 | 2026-09-30 |
| 9 | Willy Kruh | Director | 62,939 | $43.3K | -$96.5K | 9 | 2025-09-30 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
CGC Board & Officers
As of SEC filings through Sep 30, 2026Directors 6
- David Angelo Lazzarato · since Apr 1, 2020
- Theresa Yanofsky · since Apr 1, 2020
- Luc Mongeau · since Feb 7, 2024
- Willy Kruh · since Feb 7, 2024
- M Shan Atkins · since Aug 6, 2025
- Joseph Bayern · since Oct 10, 2025
Officers 3
- Luc Mongeau · Chief Executive Officer · listed since Feb 2025
- Thomas Carlton Stewart · Chief Financial Officer and Chief Accounting Officer · listed since Sep 2025
- Christelle Gedeon · Chief Legal Officer and Corporate Secretary · since Aug 1, 2022
Changes in the last 10 years (43)
| Oct 10, 2025 | Joseph Bayern became a director |
| Sep 19, 2025 | Thomas Carlton Stewart listed as Chief Financial Officer and Chief Accounting Officer (previously Chief Accounting Officer) in SEC filings |
| Aug 6, 2025 | M Shan Atkins became a director |
| Jul 9, 2025 | The company announced the departure of Judy Eun Joo Hong as Chief Financial Officer in an SEC filing |
| Feb 13, 2025 | Luc Mongeau first listed as Chief Executive Officer in an SEC filing |
| Aug 15, 2024 | The company announced the departure of David Eric Klein from the board in an SEC filing |
| Aug 15, 2024 | The company announced the departure of David Eric Klein as Chief Executive Officer in an SEC filing |
| Feb 7, 2024 | Willy Kruh became a director |
| Feb 7, 2024 | Luc Mongeau became a director |
| Aug 24, 2023 | Julious C. Grant JR reported in an SEC filing no longer being Chief Commercial Officer |
| Oct 3, 2022 | David Angelo Lazzarato no longer listed as Chief Accounting Officer in SEC filings |
| Aug 1, 2022 | Christelle Gedeon became Chief Legal Officer and Corporate Secretary |
| Jul 29, 2022 | David Angelo Lazzarato first listed as Chief Accounting Officer in an SEC filing |
| Jun 13, 2022 | Judy Eun Joo Hong listed as Chief Financial Officer (previously Chief Financial Officer (Int)) in SEC filings |
| Dec 7, 2021 | Judy Eun Joo Hong listed as Chief Financial Officer (Int) (previously Chief Financial Officer, Interim) in SEC filings |
| Nov 24, 2021 | Garth Hankinson became a director |
| Nov 19, 2021 | Judy Eun Joo Hong became Chief Financial Officer, Interim |
| Nov 18, 2021 | The company announced the departure of Michael Alan Lee as Chief Financial Officer in an SEC filing |
| Jun 7, 2021 | Thomas Carlton Stewart listed as Chief Accounting Officer (previously Vice President and Chief Accounting Officer) in SEC filings |
| Apr 29, 2021 | Greenstar II LLC became a 10% owner |
| Apr 29, 2021 | Greenstar II Holdings LLC became a 10% owner |
| Nov 24, 2020 | Tomas Shipley IV reported in an SEC filing no longer being Chief Science Officer and Senior Vice President |
| Nov 5, 2020 | Julious C. Grant JR became Chief Commercial Officer |
| Sep 4, 2020 | James A. Sabia Jr. became a director |
| Apr 1, 2020 | William A Newlands became a director |
| Apr 1, 2020 | Tomas Shipley IV became Chief Science Officer and Senior Vice President |
| Apr 1, 2020 | Thomas Carlton Stewart became Vice President and Chief Accounting Officer |
| Apr 1, 2020 | Theresa Yanofsky became a director |
| Apr 1, 2020 | Robert Lee Hanson became a director |
| Apr 1, 2020 | Rade Nikola Kovacevic became President |
| Apr 1, 2020 | Phillip Stephen Shaer became Chief Legal Officer |
| Apr 1, 2020 | Michael Alan Lee became Chief Financial Officer |
| Apr 1, 2020 | Judy Schmeling became a director |
| Apr 1, 2020 | Greenstar Canada Investment Limited Partnership became a 10% owner |
| Apr 1, 2020 | Greenstar Canada Investment Corp became a 10% owner |
| Apr 1, 2020 | David Eric Klein became a director |
| Apr 1, 2020 | David Eric Klein became Chief Executive Officer |
| Apr 1, 2020 | David Angelo Lazzarato became a director |
| Apr 1, 2020 | Constellation International Holdings Ltd became a 10% owner |
| Apr 1, 2020 | Constellation Capital LLC became a 10% owner |
| Apr 1, 2020 | Constellation Brands, Inc. became a 10% owner |
| Apr 1, 2020 | Constellation Brands Canada Holdings ULC became a 10% owner |
| Apr 1, 2020 | CBG Holdings LLC became a 10% owner |
Not reported recently (16)
- CBG Holdings LLC · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Constellation International Holdings Ltd · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Constellation Brands Canada Holdings ULC · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Constellation Capital LLC · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Greenstar Canada Investment Corp · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Greenstar Canada Investment Limited Partnership · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Constellation Brands, Inc. · Last reported as a 10% owner in an SEC filing dated Apr 19, 2024
- Judy Schmeling · Last reported as a director in an SEC filing dated Nov 22, 2023
- Robert Lee Hanson · Last reported as a director in an SEC filing dated Sep 25, 2023
- James A. Sabia Jr. · Last reported as a director in an SEC filing dated Sep 25, 2023
- Garth Hankinson · Last reported as a director in an SEC filing dated Sep 25, 2023
- Phillip Stephen Shaer · Last reported as Chief Legal Officer in an SEC filing dated Nov 12, 2021
- Rade Nikola Kovacevic · Last reported as President in an SEC filing dated Jun 11, 2021
- Greenstar II LLC · Last reported as a 10% owner in an SEC filing dated May 4, 2021
- Greenstar II Holdings LLC · Last reported as a 10% owner in an SEC filing dated May 4, 2021
- William A Newlands · Last reported as a director in an SEC filing dated Apr 1, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
ETF Holders
6 ETFs hold CGC
6 shown · $7.35M total exposure · 0.85% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | MJ Amplify Alternative Harvest ETF | Amplify | 6.62% | $6.5M | $97.8M | 2026-10-20 |
| 2 | KWT iShares MSCI Kuwait ETF | iShares (BlackRock) | 0.60% | $378,617 | $63.0M | 2026-10-20 |
| 3 | YOLO AdvisorShares Pure Cannabis ETF | Nport | 0.80% | $275,199 | — | 2026-06-30 |
| 4 | EWX State Street® SPDR® S&P® Emerging Markets Small Cap ETF | SPDR (State Street) | 0.02% | $126,107 | $648.8M | 2026-10-20 |
| 5 | SYZ Lazard US Systematic Small Cap Equity ETF | Nport | 0.14% | $95,932 | — | 2026-06-30 |
| 6 | XCNY State Street® SPDR® S&P Emerging Markets ex-China ETF | SPDR (State Street) | 0.02% | $1,933 | $9.8M | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.65
TTM Revenue
$249.17M
TTM Net Income
$-189.35M
TTM Op. Cash Flow
$-45.89M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '26 | 2026-03-31 | $58.48M | $-112.02M | $-0.35 | $-12.71M |
| Q3 '26 | 2025-12-31 | $65.86M | $-45.63M | $-0.13 | $-12.85M |
| Q2 '26 | 2025-09-30 | $59.61M | $-1.18M | $-0.01 | $-12.74M |
| Q1 '26 | 2025-06-30 | $65.23M | $-30.52M | $-0.16 | $-7.60M |
| Q4 '25 | 2025-03-31 | $53.73M | $-90.67M | $-0.44 | $-22.78M |
| Q3 '25 | 2024-12-31 | $60.10M | $-84.94M | $-0.77 | $-14.31M |
| Q2 '25 | 2024-09-30 | $54.67M | $-94.84M | $-1.09 | $-40.22M |
| Q1 '25 | 2024-06-30 | $55.42M | $-92.98M | $-1.17 | $-37.87M |
| Q4 '24 | 2024-03-31 | $22.92M | $-59.69M | $-0.40 | $-12.36M |
| Q3 '24 | 2023-12-31 | $67.97M | $-163.62M | $-1.98 | $-28.88M |
| Q2 '24 | 2023-09-30 | $60.39M | $-228.11M | $-3.19 | $-55.02M |
| Q1 '24 | 2023-06-30 | $66.92M | $-28.78M | $-0.52 | $-112.24M |
Q4 2026 • period ending 2026-03-31 • filed 2026-06-15
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.38
P/S
0.76
EV/EBITDA
—
EV/Sales
0.34
ROE
-37.7%
ROA
-23.5%
Div Yield
0.00%
FCF Yield
-24.19%
Debt/Equity
0.31
Current Ratio
—
Market Cap
$189.75M
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
27.24M
SI % of Float
6.44%
Days to Cover
13.03
Short Vol Ratio
51.0%
Free Float
423.17M
Float %
100.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-10-02