Canopy Growth's Revenue Grew 13% Last Quarter. Investors Barely Reacted. Here's Why.

Canopy Growth reported 13% year-over-year revenue growth to $58.9 million in Q1 fiscal 2027, with improved gross margins and narrowed EBITDA losses. However, the stock barely moved because the company remains unprofitable, continues burning cash ($18.6M free cash outflow), and some growth came from acquisitions rather than organic expansion. Investors are skeptical after years of failed turnaround promises and want proof of sustainable profitability before rewarding the stock.