Canopy Growth (CGC) Shares Outstanding (Diluted) (2019 - 2026)
Canopy Growth's Shares Outstanding (Diluted) came in at 422.26 million for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 124.2% from 188.32 million a year earlier and up 41.7% from the prior quarter.
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Analysis
Canopy Growth (CGC) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2026 (ended Mar 31, 2026), Canopy Growth's Shares Outstanding (Diluted) was 298.04 million, up 177.1% from FY2025.
- Shares Outstanding (Diluted) has increased in each of the last five fiscal years, with a five-year compound annual growth rate of 51.6% (FY2021 to FY2026).
- Going back by fiscal year, Shares Outstanding (Diluted) was 107.55 million in FY2025 (+43.8%), 74.79 million in FY2024 (+61.3%), 46.37 million in FY2023 (+18.5%) and 39.13 million in FY2022 (+5.3%).
- The fiscal Q1 2027 figure represents the highest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q4 2020.
- Year-over-year, Shares Outstanding (Diluted) has increased for 16 consecutive quarters, with growth averaging 120.7% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in fiscal Q2 2026 (growth of 215.6%), and the weakest in fiscal Q1 2023 (a decline of 1.5%).
- Business Quant data shows CGC's Shares Outstanding (Diluted) at 298.04 million (Q4 2026), 345.53 million (Q3 2026) and 274.03 million (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.35 Bn | 274.91 Bn | 7.66 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 122.95 Bn | 102.10 Bn | - | 2.20 Bn |
| 3 | Altria | 111.79 Bn | 98.00 Bn | 3.82 Bn | 1.67 Bn |
| 4 | Curaleaf Holdings | 2.72 Bn | 2.32 Bn | 169.91 Mn | 270.70 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 1.22 Bn |
| 6 | Trulieve Cannabis | 2.09 Bn | 706.80 Mn | 162.29 Mn | 192.71 Mn |
| 7 | Green Thumb Industries | 1.32 Bn | 166.97 Mn | 137.87 Mn | 222.78 Mn |
| 8 | Cronos | 1.19 Bn | -2.04 Bn | 28.45 Mn | 375.06 Mn |
| 9 | Turning Point Brands | 1.11 Bn | 241.91 Mn | 93.70 Mn | 20.16 Mn |
| 10 | Canopy Growth | 372.26 Mn | -634.93 Mn | 16.08 Mn | 422.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 422.26 Mn |
| Mar 31, 2026 | 298.04 Mn |
| Dec 31, 2025 | 345.53 Mn |
| Sep 30, 2025 | 274.03 Mn |
| Jun 30, 2025 | 188.32 Mn |
| Mar 31, 2025 | 107.55 Mn |
| Dec 31, 2024 | 110.31 Mn |
| Sep 30, 2024 | 86.83 Mn |
| Jun 30, 2024 | 79.24 Mn |
| Mar 31, 2024 | 74.79 Mn |
| Dec 31, 2023 | 82.92 Mn |
| Sep 30, 2023 | 71.63 Mn |
| Jun 30, 2023 | 55.05 Mn |
| Mar 31, 2023 | 46.37 Mn |
| Dec 31, 2022 | 48.61 Mn |
| Sep 30, 2022 | 47.16 Mn |
| Jun 30, 2022 | 39.85 Mn |
| Mar 31, 2022 | 39.13 Mn |
| Dec 31, 2021 | 39.38 Mn |
| Sep 30, 2021 | 39.33 Mn |
API Access
Canopy Growth Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=CGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "CGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=CGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();