Canopy Growth Corporation (CGC) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, CGC scores 41 out of 100, a letter grade of D-, with the verdict "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are: Fundamental Cash Engine at 11 / 20 (ROIC 0%; FCF yield 0%), Whale 13F Flow at 6 / 20 (institutional accumulation and options positioning), Insider Conviction at 7 / 20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 7 / 20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 10 / 20 (Altman Z 2.5; Piotroski F 1/9; Debt/Equity 0.5).

Taken together, the pillar scores point to weakness across cash generation, institutional and insider support, and balance-sheet strength. The fundamental pillar reflects a 0% ROIC and 0% FCF yield, meaning the source data does not show the business currently converting capital into cash returns. The Piotroski F-Score of 1 out of 9 is a low reading on the forensic checklist. The Altman Z-Score of 2.5 is reported alongside it, and the Debt/Equity of 0.5 provides some context on leverage. For a prospective investor, the upside case would need to rest on a turnaround in cash generation or a shift in flow data, neither of which is demonstrated in the supplied figures. Valuation tradeoffs cannot be fully assessed because P/E, Forward P/E, EV/EBITDA, and EPS are not available in source data. The verdict and pillar breakdown are educational indicators of the rating framework, not personalized financial advice.

Per the SEC financials, reported net income was $-526.0M for FY 2023, $-354.0M for FY 2024, and $-189.0M for FY 2025, with revenue and operating income each shown as $0.0M across all three periods. Gross, operating, and net margins are each listed as 0% in the market data, and ROIC is 0%. The Forensic Balance Sheet pillar cites an Altman Z-Score of 2.5, a Piotroski F-Score of 1/9, and Debt/Equity of 0.5 per the Roarable RQD rating. Cash and debt balances are N/A in the financial periods provided.

Six headlines are provided, all tagged with a GREEN light and CATALYST impact label, and all related to CGC:

• A Yahoo Finance report on the stock dipping more than the broader market.
• A Yahoo Finance report on the stock declining while the market improves.
• A TradingView report on shareholders approving reverse split authority and electing the board.
• A kalkine.ca report on downside pressure and a cautious outlook.
• A Stock Titan report that, after 30 business days below $1, CGC received a compliance deadline from Nasdaq.
• A Mugglehead Investment Magazine report that shareholders authorized up to a 1-for-15 reverse split.

Risk watch items in the news flow center on the sub-$1 trading period, the associated compliance deadline, and the authorized reverse split. The butterfly supply-chain graph reports no supply-chain links and no proprietary signals.

• What is the company's revenue and operating income trajectory, given that the source reports $0.0M for each period, and what drives the reported net losses?
• How does the 1-for-15 reverse split authorization interact with the Nasdaq compliance deadline, and what is the timing of any implementation?
• What are cash and debt balances, and how do they reconcile with the reported Debt/Equity of 0.5 and Altman Z-Score of 2.5?
• What are forward earnings or EBITDA expectations, given that P/E, EPS, and EV/EBITDA are not available?
• What institutional and insider positioning exists behind the cited 13F and Form 4 flow pillar scores?