Canopy Growth Sees Positive EBITDA in 2027 Amid M&A and European Expansion

Canopy Growth Corporation has signaled positive adjusted EBITDA in fiscal 2027, driven by the acquisition of MTL and expanded focus in Europe. Q3 2026 saw significant progress, with CEO Luc Mongeau citing net revenue growth of 15% year-over-year and adjusted EBITDA loss of $43 million, narrowing from $53 million in Q3 2025. The company's European market focus is expected to drive growth, with a new facility in Malta and distribution agreements in place.