Canopy Growth Corp (CGC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 16, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 133.94% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
240M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

CGC currently has 240M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 133.94% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 16, 2026

8-K filing: Canopy Growth completed the acquisition of MTL Shares, issuing approximately 41.2 million common shares and $18.5 million in cash, and issued 2,956,391 common shares to MC Shareholders.

240M 0
Jan 09, 2026

S-3 filing: This prospectus relates to the offer and sale from time to time of up to 52,279,795 of our common shares by the selling securityholders.

240M 0
Aug 08, 2025

10-Q filing | 239.8M shares outstanding

240M 0
May 30, 2025

10-K filing | 185.2M shares outstanding

190M 0
May 30, 2025

POS AM filing: This is a POS AM filing for Canopy Growth Corporation, allowing them to offer and sell up to $500,000,000 in various securities, including common shares, exchangeable shares, debt securities, subscription receipts, units, and warrants. It also covers an at-the-market offering of common shares up to $172,069,635.

190M 0
Feb 07, 2025

10-Q filing | 147.1M shares outstanding

150M 0
Dec 10, 2024

8-K filing: Canopy Growth Corporation filed a prospectus supplement related to the resale from time to time by certain selling securityholders of an aggregate of 7,631,637 common shares of the Company.

110M 0
Dec 09, 2024

8-K filing: Canopy Growth Corporation issued common shares and warrants in connection with the Acreage Acquisition on December 9, 2024, including Bonus Payment Canopy Shares, Put Shares, and shares to vendors of Acreage subsidiaries.

110M 0
Nov 08, 2024

10-Q filing | 105.4M shares outstanding

110M 0
Aug 09, 2024

10-Q filing | 79.2M shares outstanding

79M 4.3M
Jun 05, 2024

8-K filing: Canopy Growth Corporation filed a prospectus supplement related to the resale of 20,949,390 common shares by certain selling securityholders.

75M 8.7M
May 30, 2024

10-K filing | 74.8M shares outstanding

75M 8.7M
May 07, 2024

S-1 filing: This S-1 filing registers for resale up to 1,086,279 common shares by selling securityholders.

83M 570K
May 06, 2024

8-K filing: Canopy Growth Corporation entered into an Exchange and Subscription Agreement with MMCAP International Inc. SPC, issuing a senior unsecured convertible debenture and warrants in exchange for Supreme Debentures and US$50 million.

83M 0
Apr 19, 2024

8-K filing: Canopy Growth entered into an Exchange Agreement with Greenstar, a subsidiary of Constellation Brands, where Greenstar converted approximately C$81.2 million of a promissory note into 9,111,549 Exchangeable Shares, and Greenstar and CBG Holdings LLC exchanged 17,149,925 Common Shares for 17,149,925 Exchangeable Shares.

83M 0
Feb 09, 2024

10-Q filing | 82.9M shares outstanding

83M 0
Jan 26, 2024

S-1 filing: This S-1 filing is for the offer and sale of up to 16,317,020 common shares by selling securityholders.

83M 0
Jan 19, 2024

8-K filing: Canopy Growth Corporation completed a private placement on January 19, 2024, selling 8,158,510 units at $4.29 per unit, with each unit comprising one common share and a warrant, for gross proceeds of approximately $35 million. ($35.0M proceeds)

83M 0
Dec 15, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 829,083,667 → 82,908,366

83M 0
Nov 09, 2023

10-Q filing | 829.1M shares outstanding

830M 0
Sep 20, 2023

S-1 filing: This S-1 filing relates to the offer and sale of up to 45,858,936 common shares by selling securityholders, including shares and underlying warrants issued in a private placement on September 19, 2023.

720M 0
Sep 18, 2023

8-K filing: Canopy Growth Corporation entered into Subscription Agreements to sell up to $50,000,000 of units in a private placement, with each unit consisting of one common share and one warrant. ($25.0M proceeds)

720M 0
Aug 30, 2023

S-1 filing: This S-1 filing relates to the offer and sale from time to time of up to 15,206,046 common shares by the selling securityholder.

720M 0
Aug 30, 2023

8-K filing: Canopy Growth Corporation issued 15,206,046 common shares to Les Serres Stéphane Bertrand Inc. on August 29, 2023, pursuant to an amended agreement.

720M 0
Aug 09, 2023

10-Q filing | 717.2M shares outstanding

720M 0
Jul 19, 2023

S-1 filing: This prospectus relates to the offer and sale from time to time of up to 13,218,453 of our common shares by the selling securityholders.

590M 13M
Jun 22, 2023

10-K filing | 586.6M shares outstanding

590M 0
Feb 09, 2023

10-Q filing | 486.1M shares outstanding

490M 0
Nov 09, 2022

10-Q filing | 471.6M shares outstanding

470M 0
Aug 09, 2022

10-Q filing | 480.0M shares outstanding

480M 0
May 31, 2022

10-K filing | 402.9M shares outstanding

400M 0
Feb 09, 2022

10-Q filing | 393.8M shares outstanding

390M 0
Nov 08, 2021

10-Q filing | 393.3M shares outstanding

390M 0
Aug 06, 2021

10-Q filing | 384.1M shares outstanding

380M 0
Jun 01, 2021

10-K filing | 383.0M shares outstanding

380M 0
Feb 09, 2021

10-Q filing | 376.8M shares outstanding

380M 0
Nov 09, 2020

10-Q filing | 371.5M shares outstanding

370M 0
Aug 10, 2020

10-Q filing | 371.3M shares outstanding

370M 0
Jun 01, 2020

10-K filing | 369.9M shares outstanding

370M 0
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