Deep Value: cash covers more than 100% of the stock price

This company holds roughly $289M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Canopy Growth Corporation

WEED.TO

Drug Manufacturers - Specialty & Generic · Healthcare

Exchange

Toronto Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Good

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Track this stock — start free trial

Winston Score History

The full picture

Canopy Growth is a Canadian cannabis company that grows, packages, and sells marijuana and hemp products. Its brands include Tweed and Storz & Bickel, and it sells to adult recreational users, medical patients, and businesses in the cannabis supply chain. It is one of the largest licensed cannabis producers in Canada by revenue history, though the industry remains highly competitive.

The company earns money by selling dried cannabis flower, oils, edibles, vaporizers, and related products through retail stores and online channels in Canada, Germany, and the United States hemp market. Canopy has faced years of heavy losses, and its operating margin is deeply negative, meaning it spends far more than it earns. The biggest risk the company faces is achieving profitability before its cash runs out, as the broader cannabis industry has struggled with oversupply, price compression, and slower-than-expected legalization progress in key markets like the United States.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+9.6% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+68.5% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

1.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 years

C$478M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

C$478M cash & investments at current burn rate

Growth context

Canopy Growth Corporation is growing revenue at 10% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

27.4%

Modest — 27.4% gross margin

Profit after running costs

Operating Margin

-21.7%

Losing money on operations — -21.7%

Return on the money invested

ROCE

-16.2%

Weak — -16.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+16.4%

Fast-growing sales (+16.4% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-28.5%

Burning cash (-28.5%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.35

Conservative — low debt load (0.35)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial