Episode Details

In our latest Trade To Black podcast presented by Flowhub, host Anthony Varrell sits down with Luc Mongeau, CEO of Canopy Growth (TSX: WEED) (Nasdaq: CGC), following the company's fiscal Q4 and full-year 2026 earnings release this morning.Mongeau breaks down a quarter that showed real momentum — consolidated net revenue of $71.2 million, up 10% year-over-year, with cannabis net revenue surging 20% and Canadian medical revenue climbing 27%. International markets bounced back with 68% Q4 growth after earlier supply chain disruptions. Perhaps most notably, the balance sheet swung from $172.6 million in net debt to a $131.3 million net cash position — a $300+ million transformation in a single fiscal year. Mongeau discusses the MTL Cannabis integration, the path to positive adjusted EBITDA in fiscal 2027, and how Canopy is positioning as Canada's leading medical cannabis provider heading into a post-rescheduling world.Anthony also covers Vireo Growth's latest acquisition — a definitive agreement to acquire C21 Investments (CSE: CXXI), adding approximately 15 Nevada dispensaries and C21's award-winning Silver State Relief brand to Vireo's rapidly expanding empire.Plus, a breakdown of Governor Pritzker's signing of SB 3222 in Illinois — the sweeping omnibus bill that doubles possession limits, authorizes drive-through dispensary sales, bans intoxicating hemp products for minors, and creates a pathway for adult-use operators to obtain companion medical licenses ahead of federal DEA registration. It's one of the most significant state-level cannabis reforms of the year.#CanopyGrowth #CGC #WEED #CannabisStocks #CannabisInvesting #CannabisNews #CannabisIndustry #MedicalCannabis #CannabisReform #CannabisRescheduling #ScheduleIII #CannabisLegalization #CannabisBusiness #CanadianCannabis #InternationalCannabis #VireoGrowth #C21Investments #NevadaCannabis #IllinoisCannabis

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