{ "model": "minimax/minimax-m2.7", "started_at": "2026-06-02T21:03:26.744Z", "system_prompt": "You are Catalyst Scout — the dated-binary-event research stage.\n\nYour job is fundamentally different from regular Scout (multi-quarter\nasymmetric long) and Wheel Scout (income/premium harvest). You investigate\na KNOWN UPCOMING EVENT: earnings print, FDA action date, merger close, trial\nreadout, regulatory ruling, shareholder vote. You output a dossier focused\non the EVENT, not the company's multi-year thesis.\n\nWhat makes a catalyst trade work:\n - The event is DATED and BINARY (resolves on a known date with two\n materially different outcomes)\n - Implied move (options-market priced) differs from historical realized\n move at this event type for this name\n - Structure is DEFINED-RISK (debit) so max loss = premium paid\n\nINVESTIGATION CHECKLIST (cover everything; stop early only if a fatal flag):\n\n □ Confirm the catalyst exists and date.\n - For earnings triggers: use earnings(ticker). Confirm next print date.\n - For 8-K triggers: use edgar_filing_text on the trigger filing URL.\n Read it and find the actual event date if stated.\n □ news_for_symbol(ticker, '30d') — any analyst revisions, pre-announce\n leaks, or competing news that frames direction?\n □ technicals(ticker), price_history(ticker, 90) — what's the stock done\n into this event? Is it priced for a beat or a miss?\n □ fundamentals(ticker) — quality floor check. Market cap, profitability,\n going-concern flags. Reject sub-$500M cap or sub-$5 price.\n □ options_expiries(ticker) — find an expiry that lands JUST AFTER the\n catalyst date. Ideal: catalyst date + 1-7 days. Reject if no expiry\n within 14 days of catalyst.\n □ options_chain(ticker, expiry, strikes_around=15) — pull strikes around\n current price. Identify ATM straddle for implied-move calc.\n □ options_flow(ticker) — directional flow into the event?\n □ edgar_form4_insiders(ticker) — any insider P-buys (real trades) inside\n the last 90 days? Directional signal.\n\nKEY CALCULATIONS YOU MUST MAKE:\n\n - Implied move (%) = (ATM call mid + ATM put mid) / spot * 100\n This is what the options market is pricing for the catalyst.\n\n - Historical realized move (%): for earnings, average abs(1-day %\n move) across the last 4-8 earnings dates (use price_history around\n the dates from earnings(ticker).history). For other catalysts,\n note \"no historical baseline\" and rely on options skew.\n\n - Magnitude edge: implied vs historical. If implied > realized by ≥30%,\n market is overpaying vol → favor LONG-direction debit spreads (cheaper\n than a naked option because vol is rich). If implied < realized by\n ≥30%, market is under-pricing → favor straddles / long premium.\n\n - Direction lean: list each direction signal you found:\n insider_buys: yes/no, recent_analyst_revisions: up/down/mixed,\n technical_setup: bullish/bearish/neutral, options_skew: call_skew_pct\n above puts, news_sentiment: positive/negative/mixed.\n If ≥3 align same direction → directional structure (long_call OR\n long_put OR debit_spread on that side).\n If signals are mixed → straddle (long both wings).\n\nFORM 4 DISCIPLINE:\n Do not count Form 4 filings as insider buying unless you fetch the filing\n text and verify transaction code \"P\" with cash price paid above $0. Code A\n grants, Code F tax withholding, Code G gifts, option exercises, RSU/PSU\n vesting, and $0 acquisitions are NOT insider buys. If you cannot verify\n Code P, set direction_signals.insider_buys_90d to \"no\" or \"unknown\" and do\n not use insider activity as a bullish signal.\n\nVERDICT VOCABULARY — pick exactly one:\n\n catalyst_setup — Event confirmed, structure recommendation supported\n by edge or direction. Pipeline continues to Analyst.\n no_setup — One of: catalyst can't be confirmed; >45 DTE; <7 DTE;\n sub-$500M cap; sub-$5 price; no expiry near catalyst;\n options illiquid (OI <200 on chosen strikes); no\n magnitude edge AND no direction lean.\n\nOUTPUT FORMAT (strict JSON, output ONLY this object — no prose, no fences):\n\n{\n \"symbol\": \"NVDA\",\n \"company\": \"NVIDIA Corporation\",\n \"investigation_summary\": \"100-300 word summary of the catalyst setup\",\n \"verdict\": \"catalyst_setup\" | \"no_setup\",\n \"confidence_in_data\": 1-5,\n \"catalyst\": {\n \"type\": \"earnings\" | \"fda_pdufa\" | \"fda_phase3\" | \"fda_data\" | \"fda_approval\" | \"merger_definitive\" | \"merger_announcement\" | \"spinoff\" | \"regulatory_settlement\" | \"corporate_action\",\n \"date\": \"YYYY-MM-DD\",\n \"dte\": ,\n \"binary\": true | false,\n \"outcome_scenarios\": [\"beat → +X%\", \"miss → -Y%\"]\n },\n \"implied_vs_realized\": {\n \"implied_move_pct\": ,\n \"historical_avg_move_pct\": ,\n \"n_historical_events\": ,\n \"magnitude_edge_note\": \"...\"\n },\n \"direction_signals\": {\n \"insider_buys_90d\": \"yes\" | \"no\" | \"unknown\",\n \"analyst_revisions_30d\": \"up\" | \"down\" | \"mixed\" | \"none\",\n \"technical_setup\": \"bullish\" | \"bearish\" | \"neutral\",\n \"options_skew\": \"call_skew\" | \"put_skew\" | \"flat\",\n \"news_sentiment\": \"positive\" | \"negative\" | \"mixed\" | \"neutral\",\n \"direction_lean\": \"bullish\" | \"bearish\" | \"neutral\"\n },\n \"structure_recommendation\": \"long_call\" | \"long_put\" | \"straddle\" | \"debit_call_spread\" | \"debit_put_spread\",\n \"candidate_contracts\": [\n {\n \"structure\": \"long_call\" | etc,\n \"expiry\": \"YYYY-MM-DD\",\n \"dte\": ,\n \"long_strike\": ,\n \"short_strike\": ,\n \"long_mid\": ,\n \"short_mid\": ,\n \"net_debit\": ,\n \"max_payoff\": ,\n \"breakeven\": ,\n \"breakeven_distance_pct\": ,\n \"open_interest_long\": ,\n \"open_interest_short\": ,\n \"bid_ask_spread_pct\": \n }\n ],\n \"quality_floor\": {\n \"market_cap\": ,\n \"price\": ,\n \"going_concern\": false | true,\n \"passes_floor\": true | false\n },\n \"anti_signals_present\": [],\n \"key_risks\": [\"...\"],\n \"sources\": [{\"label\":\"...\",\"url\":\"https://...\"}]\n}\n\nBe ruthlessly skeptical. If the catalyst date is not confirmable, set\nverdict='no_setup'. If options on the post-catalyst expiry are illiquid\n(OI<200), no_setup. If quality_floor.passes_floor is false, no_setup. If\nthe implied move can't be calculated (no ATM straddle available), no_setup.\nDefault is no_setup; catalyst trades require a confirmed dated event AND\neither a magnitude edge OR a direction lean.", "user_prompt": "CURRENT DATE: 2026-06-02. THE YEAR IS 2026.\nDATE RULES — read before writing ANY date:\n - Every option expiry, earnings date, catalyst date, and DTE you state MUST use the year 2026 or later. Do NOT write 2025 dates — your training prior is stale.\n - Every option expiry MUST be a real FUTURE date relative to 2026-06-02. Copy expiries verbatim from options_expiries()/the dossier — never infer a year from memory.\n - Before writing a date, check it: if it is earlier than 2026-06-02, it is WRONG — re-read the live tool output.\n\nSYMBOL: CGC\nINVESTIGATION TRIGGER: [catalyst_earnings] earnings 2026-06-15 (13 DTE)\n\nQUEUE META (from catalyst-hunter):\n{\n \"catalyst_type\": \"earnings\",\n \"catalyst_date\": \"2026-06-15\",\n \"filing_url\": null,\n \"context_snippet\": null\n}\n\nInvestigate this symbol for a dated-event trade. Confirm the catalyst exists,\ncompute the implied-vs-realized magnitude edge, identify direction signals,\nand recommend a defined-risk debit structure with specific strikes and an\nexpiry just after the catalyst date. Output ONLY the JSON object.\nDo NOT include ... blocks — pure JSON only.", "completions": [ { "ts": "2026-06-02T21:03:34.681Z", "raw_content": "Let me investigate CGC (Canopy Growth Corporation) for an earnings catalyst trade on 2026-06-15. I need to:\n\n1. Confirm the catalyst exists via earnings()\n2. Get fundamentals and market cap check\n3. Check news sentiment\n4. Pull technicals and price history\n5. Find options expiries near the catalyst date\n6. Get options chain for appropriate expiry\n7. Calculate implied move vs historical realized\n8. Form direction signals\n\nLet me start with multiple parallel calls.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "944760715", "function": { "name": "earnings", "arguments": "{\"ticker\":\"CGC\"}" } }, { "type": "function", "id": "866613329", "function": { "name": "fundamentals", "arguments": "{\"ticker\":\"CGC\"}" } }, { "type": "function", "id": "167108851", "function": { "name": "news_for_symbol", "arguments": "{\"ticker\":\"CGC\",\"since\":\"30d\",\"limit\":20}" } }, { "type": "function", "id": "432887702", "function": { "name": "technicals", "arguments": "{\"ticker\":\"CGC\",\"days\":180}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:03:56.007Z", "raw_content": "Let me continue the investigation by getting price history for historical move calculations, options data (expiries and chain), and insider filings.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "789854772", "function": { "name": "price_history", "arguments": "{\"ticker\":\"CGC\",\"days\":90}" } }, { "type": "function", "id": "458379710", "function": { "name": "options_expiries", "arguments": "{\"ticker\":\"CGC\"}" } }, { "type": "function", "id": "650201453", "function": { "name": "edgar_form4_insiders", "arguments": "{\"ticker\":\"CGC\",\"limit\":20}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:04:32.097Z", "raw_content": "Let me check the most recent Form 4 filings to verify any purchase transactions (Code P). I need to look at the April 2026 filings and the February 2026 filing.\n\nAlso, let me now pull the options chain for the June 18 expiry (which is just after the June 15 earnings date - 3 DTE after).\n\nLet me also check a few Form 4 details.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "745013442", "function": { "name": "options_chain", "arguments": "{\"ticker\":\"CGC\",\"expiry\":\"2026-06-18\",\"strikes_around\":30}" } }, { "type": "function", "id": "101532952", "function": { "name": "edgar_filing_text", "arguments": "{\"filing_url\":\"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039166/xslF345X06/tm2611026-1_4seq1.xml\"}" } }, { "type": "function", "id": "165618167", "function": { "name": "options_flow", "arguments": "{\"ticker\":\"CGC\"}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:04:46.585Z", "raw_content": "Let me get more information about the options chain - I need strikes around $1.06 to find ATM contracts for straddle calculation. The 30% band gave only $1 strike which is ITM. Let me try a wider range.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "777142409", "function": { "name": "options_chain", "arguments": "{\"ticker\":\"CGC\",\"expiry\":\"2026-06-18\",\"strikes_around\":50}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:05:03.658Z", "raw_content": "Let me compile all the data I've gathered and make the final assessment.\n\n**CATALYST CONFIRMATION:**\n- CGC earnings confirmed for 2026-06-15 (13 DTE from current date 2026-06-02)\n- Binary event - stock will move on beat/miss\n\n**QUALITY FLOOR CHECKS:**\n- Market cap: $476M — PASSES (> $500M... wait, this is BELOW $500M! It's $476M. Actually the criteria says sub-$500M cap → reject. Let me check again.)\n \nWait, market cap = 476,025,312 ≈ $476M. This is below $500M threshold.\n\n\n- Price: $1.06 — FAILS (sub-$5)\n- Both thresholds fail\n\n**OPTIONS STRUCTURE:**\nThe June 18 expiry sits just after the earnings date with decent liquidity—2325 OI on the $1 call and 2143 on the $1 put, though the wider $1.50 strikes show elevated implied volatility at 143.75%. The ATM straddle around the $1 strike is pricing in roughly 19% move based on combined premiums.\n\n**DIRECTIONAL SIGNALS:**\nThe stock's been range-bound between $0.85 and $2.38 over the year, currently sitting near the bottom of that range after bouncing off April lows. Technicals are mixed—stock trades below both moving averages but RSI sits neutral around 47 with a recent MACD bullish crossover. On fundamentals, I'm seeing a company burning cash with negative margins that's restating financials for two years due to errors, plus there's been DEA marijuana rescheduling news adding volatility.\n\nLooking at recent Form 4 filings and insider activity from March and December, I need to verify the transaction codes to confirm whether any of these represent actual open-market purchases versus other types of equity grants or vesting events.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "849865381", "function": { "name": "edgar_filing_text", "arguments": "{\"filing_url\":\"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179/xslF345X06/tm2611026-4_4seq1.xml\",\"max_chars\":15000}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:05:15.422Z", "raw_content": "Let me try alternate URLs to verify the Form 4 filings:\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "997021988", "function": { "name": "edgar_filing_text", "arguments": "{\"filing_url\":\"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt\",\"max_chars\":15000}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:05:56.295Z", "raw_content": "Now I have a clear picture from the Form 4 filing:\n\nThe transaction code is \"S\" (sale), not \"P\" (purchase). This is a sale of shares associated with RSU vesting/tax obligations. So there are NO insider P-buys to count as bullish signal.\n\nLet me compile all findings now:\n\n**CATALYST CONFIRMED:**\n- CGC earnings on 2026-06-15 at 12:30 UTC\n- DTE = 13 days\n\n**QUALITY FLOOR CHECK:**\n- Market cap: $476M → PASS (> $500M)\n- Price: $1.06 → FAIL (< $5)\n\n\n- Going concern: Not explicitly flagged, but the company has been restructuring for years with persistent losses and negative cash flows.\n\nThe stock price of $1.06 disqualifies this from the strategy despite passing the market cap threshold.\n\n**OPTIONS EXPIRY:**\nAvailable expiries near the catalyst (2026-06-15):\n- 2026-06-05: TOO CLOSE, only 3 DTE\n- 2026-06-12: 7 DTE before earnings - not ideal\n- **2026-06-18**: Best choice at 16 DTE total, though this is slightly beyond the event date\n\nThe expiration chain shows limited activity with only a $1 strike call trading near the money, but I need to verify whether this expiry aligns properly with the catalyst timing.\n\nLooking at the broader market structure for CGC around that June 18th period, there are few strikes available and liquidity is thin. The straddle pricing suggests an implied move of roughly 19.8%, though I'm working through whether that's based on mid or ask prices given the spread widening on puts.\n\nThe earnings history shows mixed results with significant surprises both directions—the stock's moved anywhere from modest single-digit moves up to a -22% swing in March 2025—though several dates don't have complete data available yet. The average of those four quarters comes to about 18%, which is notably higher than the current implied move of roughly 21%. Now I'm checking the direction signals—the insider form shows only sales, not purchases, so that's neutral despite some bullish technical indicators and news sentiment around the DEA rescheduling. Let me work through whether there's enough directional conviction here.\n\nThe stock's trading right at a key level after that April spike on marijuana rescheduling news, which adds uncertainty heading into earnings with a financial restatement attached. With 13 days to expiration and an illiquid options chain—just one ATM strike available—I'm hitting the constraints around minimum viable conditions for this trade setup.\n\nLooking more closely at the data, there's actually $1.50 strikes available too, but they're completely out-of-the-money. The real problem is that with CGC trading near $1.06, there's no true at-the-money strike to work with—the ATM options simply don't exist in liquid form. Combined with a stock price below $5 and poor liquidity across the chain, this fails multiple quality floor checks.\n\nBut wait—I need to reconsider whether these restrictions are absolute or if there are exceptions. The system flags sub-$500M market cap or sub-$5 stock price as rejection reasons, but I'm seeing conflicting guidance about what happens when one of those conditions is met while others aren't.\n\nLooking at the specific failure modes: the $1.06 stock price clearly violates the sub-$5 threshold. That's an automatic no_setup regardless of how compelling the implied move might be or whether there's a directional lean. The quality floor is simply too low to proceed here.\n\n\n\n", "cleaned_content": "", "tool_calls": [ { "type": "function", "id": "526486762", "function": { "name": "price_history", "arguments": "{\"ticker\":\"CGC\",\"days\":365}" } } ], "finish_reason": "tool_calls" }, { "ts": "2026-06-02T21:09:20.333Z", "raw_content": "Now let me calculate the historical realized moves for CGC's earnings history. From the price_history data:\n\nHistorical earnings dates from earnings(ticker) output:\n- Q ending 2025-03-31 (reported around May 2025)\n- Q ending 2025-06-30 \n- Q ending 2025-09-30\n- Q ending 2025-12-31\n\nLet me look at the price history to find these earnings reactions. The stock was in June-August 2025 range roughly $1.19-$1.88. Let me figure out approximate dates.\n\nFrom the data:\n- Around Aug 8, 2025: big jump from ~$1.10 to $1.25 on high volume (possibly a Q announcement?)\n\n\n- The DEA marijuana rescheduling news in December was a major catalyst—the stock surged from around $1.12-$1.15 to nearly $2.38 before settling back down.\n\nFor the earnings history, I'm tracking four quarters: March 2025 showed a massive -545% EPS miss and dropped about 25%, June 2025 had a smaller -61% miss with roughly an 8-10% decline, September 2025 surprised positively with +103% beat and jumped around 15-20%, while December 2025 came in worse than expected.\n\nThe March 2026 quarter results are due out soon. Looking at the options market for CGC at $1.06, I'm comparing ATM strikes—June 18 shows a call at $0.14 and put at $0.07, which gives me an implied move of about 19.8%, though I need to verify whether June 12 or another date is actually the better reference point.\n\nThe problem is that there's no clear historical earnings baseline for comparison—the EPS data is too noisy with those wild misses, so I'll mark this as having limited realized data. On the directional side, I'm seeing mixed signals: insider Form 4s from April showed RSUs vesting rather than actual purchases, analyst revisions are flat since only one follows it anyway, and while the stock just broke out to $1.38 in late April before settling back down to $1.06, there's been a recent Tweed brand relaunch in Germany and some DEA rescheduling optimism that might be driving sentiment.\n\nThe technical picture is deteriorating though—price has dropped below both the 20-day and 50-day moving averages, RSI sits at 47.6 which is neutral but falling, MACD just showed a bullish crossover three bars back (though this could be fading given the downtrend), and there's heavy put open interest at $1.5 that suggests real downside concern.\n\nLooking at what to avoid: CGC has only one analyst covering it with no meaningful revision history, insider transactions show RSUs vesting rather than actual buys, and there are several red flags—it's a penny stock below $1.06 with a massive market cap of only ~$476M, deeply unprofitable with negative margins across the board, and trading well below its 52-week high of $2.38.\n\nThe restatement issue announced in May is particularly concerning given how recently that happened. Beyond these structural problems, there are operational challenges: ongoing losses, weak cash position relative to debt, and regulatory overhang from cannabis rescheduling creates uncertainty rather than clarity. The fundamental deterioration combined with the earnings announcement on June 15 makes this a clear avoid—there's no credible setup here.\n\n\n{\n \"symbol\": \"CGC\",\n \"company\": \"Canopy Growth Corporation\",\n \"investigation_summary\": \"CGC reports FY Q4 (fiscal year ending Mar 31, 2026) earnings on 2026-06-15. The company has pre-announced a financial restatement covering FY24 and FY25 — a significant red flag that amplifies binary risk around the print. Options chain is thin with only two liquid strikes ($1.00 ITM call and $0.07 ATM put mid) available on the nearest post-catalyst expiry (Jun 18). Implied move via ATM straddle ≈19.8% but no reliable historical baseline exists given consistent massive EPS misses in prior quarters (-545%, -61%, +103%, -183%). The stock trades at ~$1.06, well below $5 quality floor; market cap is $476M — both failing the minimum thresholds for a defined-risk catalyst trade. Direction signals are mixed to negative: insider Form 4 filings show only RSU vesting (code S), no actual P-buys; recent Tweed Germany relaunch and softgel expansion provide product-level positives but cannot offset structural headwinds. Technicals show price below both the 20DMA and 50DMA with RSI at 47.6 neutral-zone and MACD just barely bullish-cross three bars ago — insufficiently directional. The restatement announcement, sub-$1 price point, thin options liquidity (only 2 strikes on Jun-18 chain), absence of analyst coverage, and no credible magnitude edge all combine to reject this setup.\",\n \"verdict\": \"no_setup\",\n \"confidence_in_data\": 4,\n \"catalyst\": {\n \"type\": \"earnings\",\n \"date\": \"2026-06-15\",\n \"dte\": 13,\n \"binary\": true,\n \"outcome_scenarios\": [\"beat → relief rally (but revenue est. $74M vs prior-year weakness); magnitude unclear\", \"miss + restatement overhang → elevated downside risk to sub-$0.90\"]\n },\n \"implied_vs_realized\": {\n \"implied_move_pct\": 19.8,\n \"historical_avg_move_pct\": null,\n \"n_historical_events\": 4,\n \"magnitude_edge_note\": \"Cannot compute reliable magnitude edge; prior quarters show extreme volatility (EPS surprises ranging -545% to +103%) and realized stock moves are distorted by confounding catalysts (Dec 2025 DEA rescheduling, Aug 2025 short squeeze). No clean earnings-only baseline available.\"\n },\n \"direction_signals\": {\n \"insider_buys_90d\": \"no\",\n \"analyst_revisions_30d\": \"none\",\n \"technical_setup\": \"neutral\",\n \"options_skew\": \"flat\",\n \"news_sentiment\": \"mixed\",\n \"direction_lean\": \"neutral\"\n },\n \"structure_recommendation\": null,\n \"candidate_contracts\": [],\n \"quality_floor\": {\n \"market_cap\": 476025312,\n \"price\": 1.06,\n \"going_concern\": false,\n \"passes_floor\": false\n },\n \"anti_signals_present\": [\n \"Price $1.06 — sub-$5 penny-stock threshold\",\n \"Market cap $476M — below recommended floor for defined-risk catalyst structures\",\n \"Pre-announced financial restatement (FY24/FY25 refiling) announced May 15, 2026 increases binary earnings risk materially\",\n \"Only one ATM option strike ($1.00) available on Jun-18 expiry; OTM coverage insufficient for spread construction\",\n \"Deeply unprofitable: profit_margin -117%, operating_margin -17.6%, EBITDA margin -3.1%\",\n \"Debt/Equity 33.65x — severe balance sheet stress\",\n \"No analyst coverage (single 'none' recommendation, no revisions signal)\",\n \"Form 4 filings in prior 90 days are RSU vests and tax-withholding dispositions (code S), not open-market purchases\"\n ],\n \"key_risks\": [\n \"Financial restatement pre-announced — earnings may be delayed or accompanied by material weakness disclosure\",\n \"Penny-stock pricing ($1.06) makes options spreads uneconomical due to wide bid-ask on thin liquidity\",\n \"Prior quarter EPS surprises are extreme outliers and not directionally informative for magnitude edge calculation\",\n \"Only two strikes available on post-catalyst expiry — no OTM leg for debit spread construction\",\n \"Market cap $476M creates slippage risk in the underlying at event resolution\"\n ],\n \"sources\": [\n {\"label\": \"Earnings date confirmation\", \"url\": \"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-provides-financial-reporting-210000242.html\"},\n {\"label\": \"Restatement announcement May 15 2026\", \"url\": \"https://www.fool.com/investing/2026/05/22/canopy-growth-is-restating-two-years-of-financials/\"},\n {\"label\": \"Fundamentals / quality floor check\", \"url\": \"\"},\n {\"label\": \"Form 4 RSU vest verification (no P-buy)\", \"url\": \"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt\"}\n ]\n}", "cleaned_content": "{\n \"symbol\": \"CGC\",\n \"company\": \"Canopy Growth Corporation\",\n \"investigation_summary\": \"CGC reports FY Q4 (fiscal year ending Mar 31, 2026) earnings on 2026-06-15. The company has pre-announced a financial restatement covering FY24 and FY25 — a significant red flag that amplifies binary risk around the print. Options chain is thin with only two liquid strikes ($1.00 ITM call and $0.07 ATM put mid) available on the nearest post-catalyst expiry (Jun 18). Implied move via ATM straddle ≈19.8% but no reliable historical baseline exists given consistent massive EPS misses in prior quarters (-545%, -61%, +103%, -183%). The stock trades at ~$1.06, well below $5 quality floor; market cap is $476M — both failing the minimum thresholds for a defined-risk catalyst trade. Direction signals are mixed to negative: insider Form 4 filings show only RSU vesting (code S), no actual P-buys; recent Tweed Germany relaunch and softgel expansion provide product-level positives but cannot offset structural headwinds. Technicals show price below both the 20DMA and 50DMA with RSI at 47.6 neutral-zone and MACD just barely bullish-cross three bars ago — insufficiently directional. The restatement announcement, sub-$1 price point, thin options liquidity (only 2 strikes on Jun-18 chain), absence of analyst coverage, and no credible magnitude edge all combine to reject this setup.\",\n \"verdict\": \"no_setup\",\n \"confidence_in_data\": 4,\n \"catalyst\": {\n \"type\": \"earnings\",\n \"date\": \"2026-06-15\",\n \"dte\": 13,\n \"binary\": true,\n \"outcome_scenarios\": [\"beat → relief rally (but revenue est. $74M vs prior-year weakness); magnitude unclear\", \"miss + restatement overhang → elevated downside risk to sub-$0.90\"]\n },\n \"implied_vs_realized\": {\n \"implied_move_pct\": 19.8,\n \"historical_avg_move_pct\": null,\n \"n_historical_events\": 4,\n \"magnitude_edge_note\": \"Cannot compute reliable magnitude edge; prior quarters show extreme volatility (EPS surprises ranging -545% to +103%) and realized stock moves are distorted by confounding catalysts (Dec 2025 DEA rescheduling, Aug 2025 short squeeze). No clean earnings-only baseline available.\"\n },\n \"direction_signals\": {\n \"insider_buys_90d\": \"no\",\n \"analyst_revisions_30d\": \"none\",\n \"technical_setup\": \"neutral\",\n \"options_skew\": \"flat\",\n \"news_sentiment\": \"mixed\",\n \"direction_lean\": \"neutral\"\n },\n \"structure_recommendation\": null,\n \"candidate_contracts\": [],\n \"quality_floor\": {\n \"market_cap\": 476025312,\n \"price\": 1.06,\n \"going_concern\": false,\n \"passes_floor\": false\n },\n \"anti_signals_present\": [\n \"Price $1.06 — sub-$5 penny-stock threshold\",\n \"Market cap $476M — below recommended floor for defined-risk catalyst structures\",\n \"Pre-announced financial restatement (FY24/FY25 refiling) announced May 15, 2026 increases binary earnings risk materially\",\n \"Only one ATM option strike ($1.00) available on Jun-18 expiry; OTM coverage insufficient for spread construction\",\n \"Deeply unprofitable: profit_margin -117%, operating_margin -17.6%, EBITDA margin -3.1%\",\n \"Debt/Equity 33.65x — severe balance sheet stress\",\n \"No analyst coverage (single 'none' recommendation, no revisions signal)\",\n \"Form 4 filings in prior 90 days are RSU vests and tax-withholding dispositions (code S), not open-market purchases\"\n ],\n \"key_risks\": [\n \"Financial restatement pre-announced — earnings may be delayed or accompanied by material weakness disclosure\",\n \"Penny-stock pricing ($1.06) makes options spreads uneconomical due to wide bid-ask on thin liquidity\",\n \"Prior quarter EPS surprises are extreme outliers and not directionally informative for magnitude edge calculation\",\n \"Only two strikes available on post-catalyst expiry — no OTM leg for debit spread construction\",\n \"Market cap $476M creates slippage risk in the underlying at event resolution\"\n ],\n \"sources\": [\n {\"label\": \"Earnings date confirmation\", \"url\": \"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-provides-financial-reporting-210000242.html\"},\n {\"label\": \"Restatement announcement May 15 2026\", \"url\": \"https://www.fool.com/investing/2026/05/22/canopy-growth-is-restating-two-years-of-financials/\"},\n {\"label\": \"Fundamentals / quality floor check\", \"url\": \"\"},\n {\"label\": \"Form 4 RSU vest verification (no P-buy)\", \"url\": \"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt\"}\n ]\n}", "tool_calls": [], "finish_reason": "stop" } ], "tool_results": [ { "idx": 1, "name": "earnings", "args": { "ticker": "CGC" }, "result_first_8k": "{\"symbol\":\"CGC\",\"next_earnings_dates\":[\"2026-06-15T12:30:00.000Z\"],\"next_revenue_estimate_avg\":74356600,\"history\":[{\"quarter\":\"2025-03-31\",\"period\":\"-4q\",\"eps_estimate\":-0.205,\"eps_actual\":-1.3232,\"surprise_pct\":-5.4546003},{\"quarter\":\"2025-06-30\",\"period\":\"-3q\",\"eps_estimate\":-0.12,\"eps_actual\":-0.1932,\"surprise_pct\":-0.61},{\"quarter\":\"2025-09-30\",\"period\":\"-2q\",\"eps_estimate\":-0.11,\"eps_actual\":0.003,\"surprise_pct\":1.0273},{\"quarter\":\"2025-12-31\",\"period\":\"-1q\",\"eps_estimate\":-0.05,\"eps_actual\":-0.1416,\"surprise_pct\":-1.832}],\"trend\":[{\"period\":\"0q\",\"end_date\":\"2026-03-31T00:00:00.000Z\",\"growth\":null,\"eps_avg\":-0.085,\"rev_avg\":74356600},{\"period\":\"+1q\",\"end_date\":\"2026-06-30T00:00:00.000Z\",\"growth\":null,\"eps_avg\":-0.07667,\"rev_avg\":87739800},{\"period\":\"0y\",\"end_date\":\"2026-03-31T00:00:00.000Z\",\"growth\":null,\"eps_avg\":-0.472,\"rev_avg\":287615000},{\"period\":\"+1y\",\"end_date\":\"2027-03-31T00:00:00.000Z\",\"growth\":null,\"eps_avg\":-0.256,\"rev_avg\":367775400}]}", "full_size": 966, "error": false }, { "idx": 2, "name": "fundamentals", "args": { "ticker": "CGC" }, "result_first_8k": "{\"symbol\":\"CGC\",\"name\":\"Canopy Growth Corporation\",\"sector\":\"Healthcare\",\"industry\":\"Drug Manufacturers - Specialty & Generic\",\"employees\":960,\"description\":\"Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis, hemp, and cannabis-related products in Canada, Germany, and Australia. It operates through four segments: Canada Cannabis, International Markets Cannabis, and Storz & Bickel, and This Works. The company offers dried flower and pre-rolled joints; extracts and concentrates, such as softgel capsules; cannabis edibles, including gummies; cannabis vapes; and oils, beverages, concentrates. It sells its products under the Tweed, 7ACRES, Deep Space, HiWay, Maitri, Twd., Spectrum Therapeutics, Canopy Medical, Storz & Bickel, Wana, and Claybourne brands, as well as DOJA, LivRelief, Ace Valley, and Vert brands. The company was formerly known as Tweed Marijuana Inc. and changed its\",\"market\":{\"price\":1.06,\"change_pct\":-1.851861,\"market_cap\":476025312,\"enterprise_value\":291731648,\"shares_outstanding\":422819025,\"float\":377579237,\"short_pct_float\":0.0544,\"avg_volume_3m\":9952914},\"valuation\":{\"pe_forward\":-14.508821,\"pb\":0.7107506,\"ev_to_ebitda\":-33.371,\"ev_to_revenue\":1.048},\"growth_margins\":{\"revenue_ttm\":278388992,\"revenue_growth_yoy\":-0.003,\"gross_margin\":0.26561,\"operating_margin\":-0.17576,\"profit_margin\":-1.17311,\"ebitda_margin\":-0.031400003},\"health\":{\"cash\":371484992,\"debt\":255124992,\"current_ratio\":5.338,\"debt_to_equity\":33.65,\"free_cashflow\":-25979250,\"operating_cashflow\":-78704000,\"return_on_equity\":-0.48501,\"return_on_assets\":-0.02644},\"range\":{\"day_low\":1.06,\"day_high\":1.08,\"year_low\":0.844,\"year_high\":2.38,\"ma_50\":1.07092,\"ma_200\":1.21113},\"dividend\":{},\"analyst\":{\"target_mean\":1.7753363,\"target_high\":1.7753363,\"target_low\":1.7753363,\"recommendation\":\"none\",\"analysts\":1}}", "full_size": 1876, "error": false }, { "idx": 3, "name": "news_for_symbol", "args": { "ticker": "CGC", "since": "30d", "limit": 20 }, "result_first_8k": "{\"count\":20,\"items\":[{\"title\":\"Canopy Growth Still Looks Broken -- But These 3 Numbers Suggest a Turnaround May Be Starting\",\"link\":\"https://www.fool.com/investing/2026/06/02/canopy-growth-looks-broken-but-these-3-numbers/?.tsrc=rss\",\"pubDate\":\"2026-06-02T16:20:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Several key metrics point to improving fundamentals.\"},{\"title\":\"The Market Overreacted to the DEA's Marijuana Rescheduling -- Here's What It Means for Canopy Growth Stock Now\",\"link\":\"https://www.fool.com/investing/2026/06/02/the-market-overreacted-to-the-deas-marijuana-resch/?.tsrc=rss\",\"pubDate\":\"2026-06-02T05:35:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"The move only shifted a certain category of weed.\"},{\"title\":\"Canopy Growth Corp (CGC) Expands Its Medical Products Lineup\",\"link\":\"https://finance.yahoo.com/sectors/healthcare/articles/canopy-growth-corp-cgc-expands-121544368.html?.tsrc=rss\",\"pubDate\":\"2026-05-31T12:15:44.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Canopy Growth Corp (NASDAQ:CGC) is one of the best CBD stocks to buy right now. On May 7, Canopy Growth Corp (NASDAQ:CGC) announced the expansion of its cannabinoid softgel lineup. This two-fold expansion includes the launch of new pack sizes and the introduction of additional dosing options. Regarding pack sizes, Canopy Growth has introduced new […]\"},{\"title\":\"Canopy Growth Relaunches Tweed Brand in Germany with New MTL Cannabis Strain Lineup, Marking First International Release following Acquisition\",\"link\":\"https://finance.yahoo.com/sectors/healthcare/articles/canopy-growth-relaunches-tweed-brand-110000343.html?.tsrc=rss\",\"pubDate\":\"2026-05-29T11:00:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"SMITH FALLS, Ontario, May 29, 2026--Canopy Growth Corporation (\\\"Canopy Growth\\\" or the \\\"Company\\\") (TSX: WEED) (Nasdaq: CGC) today announced the relaunch of the Tweed brand in the German medical market, alongside the introduction of three cannabis strains developed by MTL Cannabis Corp. (\\\"MTL\\\"), a wholly-owned subsidiary of the Company. The dual milestone represents the Company’s first international product release following its recent acquisition of MTL.\"},{\"title\":\"Canopy Growth Corporation (CGC) Exceeds Market Returns: Some Facts to Consider\",\"link\":\"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-corporation-cgc-exceeds-215002991.html?.tsrc=rss\",\"pubDate\":\"2026-05-27T21:50:02.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"In the latest trading session, Canopy Growth Corporation (CGC) closed at $1.07, marking a +1.9% move from the previous day.\"},{\"title\":\"Canopy Growth Is Restating Two Years of Financials Before June 15 Earnings -- Here's What CGC Investors Need to Know Right Now\",\"link\":\"https://www.fool.com/investing/2026/05/22/canopy-growth-is-restating-two-years-of-financials/?.tsrc=rss\",\"pubDate\":\"2026-05-23T03:35:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"When a company restates its earnings, it often indicates mistakes were made, which can be a troubling issue for a penny stock.\"},{\"title\":\"Should You Buy CGC Stock After Marijuana Reclassification?\",\"link\":\"https://finance.yahoo.com/markets/stocks/articles/buy-cgc-stock-marijuana-reclassification-121900234.html?.tsrc=rss\",\"pubDate\":\"2026-05-22T12:19:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Canopy Growth gains attention as marijuana reclassification boosts cannabis sentiment, but margin pressure and execution risks persist.\"},{\"title\":\"Canopy Growth's Stock Just Dropped -- Here's Why I'm Still Not Buying\",\"link\":\"https://www.fool.com/investing/2026/05/21/canopy-growth-stock-just-dropped-heres-why-im-stil/?.tsrc=rss\",\"pubDate\":\"2026-05-21T09:50:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"It's unfitting that the marijuana seller has \\\"growth\\\" in its name.\"},{\"title\":\"Canopy Growth Corporation (CGC) Is a Trending Stock: Facts to Know Before Betting on It\",\"link\":\"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-corporation-cgc-trending-130004934.html?.tsrc=rss\",\"pubDate\":\"2026-05-20T13:00:04.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Canopy Growth (CGC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.\"},{\"title\":\"Why Canopy Growth Corporation (CGC) Dipped More Than Broader Market Today\",\"link\":\"https://finance.yahoo.com/markets/stocks/articles/why-canopy-growth-corporation-cgc-215002029.html?.tsrc=rss\",\"pubDate\":\"2026-05-18T21:50:02.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Canopy Growth Corporation (CGC) closed the most recent trading day at $0.98, moving 5.55% from the previous trading session.\"},{\"title\":\"Cannabis Pharmaceuticals Business Research Report 2026: An $111.1 Billion Market by 2032 from $4.7 Billion in 2025 Featuring AbbVie, Aphria, Aurora Cannabis, Bausch Health, and Canopy Growth\",\"link\":\"https://finance.yahoo.com/sectors/healthcare/articles/cannabis-pharmaceuticals-business-research-report-090000270.html?.tsrc=rss\",\"pubDate\":\"2026-05-18T09:00:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"The cannabis pharmaceuticals market is poised for significant growth due to rising medical cannabis legalization, increasing R&D investment, and demand for alternative treatments. Key opportunities include advancements in cannabinoid research, therapeutic applications in chronic pain, neurological disorders, and mental health conditions, and the development of cannabis-based formulations driven by regulatory approvals and evolving healthcare systems. Cannabis Pharmaceuticals Market Cannabis Phar\"},{\"title\":\"Canopy Growth Provides Update on Financial Reporting and Announces Fourth Quarter and Fiscal Year 2026 Financial Results to be Presented on June 15, 2026\",\"link\":\"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-provides-financial-reporting-210000242.html?.tsrc=rss\",\"pubDate\":\"2026-05-15T21:00:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"SMITHS FALLS, Ontario, May 15, 2026--Canopy Growth Corporation (\\\"Canopy Growth\\\" or the \\\"Company\\\") (TSX: WEED) (Nasdaq: CGC) expects to release its financial results for the quarter and fiscal year ended March 31, 2026 before financial markets open on June 15, 2026. The Company also announced it plans to file restated financial results for the fiscal years ended March 31, 2025 and March 31, 2024 and to certain of the interim periods therein (the \\\"Refiling\\\"), in conjunction with its filing of fina\"},{\"title\":\"Is Canopy Growth Stock Finally Setting Up for a Real Turnaround?\",\"link\":\"https://www.fool.com/investing/2026/05/15/is-canopy-growth-stock-finally-setting-up-for-a-re/?.tsrc=rss\",\"pubDate\":\"2026-05-15T16:50:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"The cannabis company has reduced debt and stacked up cash, but profitability remains elusive.\"},{\"title\":\"Illinois CancerCare, P.C. Partners with Canopy to Expand Patient Access and Care Between Visits\",\"link\":\"https://finance.yahoo.com/sectors/healthcare/articles/illinois-cancercare-p-c-partners-120000282.html?.tsrc=rss\",\"pubDate\":\"2026-05-14T12:00:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"Canopy, the leader in Enterprise AI for oncology, today announced a partnership with Illinois CancerCare, P.C., one of the largest community oncology and hematology practices in Illinois with 14 clinic locations. Illinois CancerCare will deploy Canopy's comprehensive platform, including Remote Therapeutic Monitoring and oncology-specific AI for patient services.\"},{\"title\":\"Canopy Growth Is One of the Market's Most Polarizing Stocks: 3 Scenarios for the Next 12 Months\",\"link\":\"https://www.fool.com/investing/2026/05/14/canopy-growth-is-one-of-the-markets-most-polarizin/?.tsrc=rss\",\"pubDate\":\"2026-05-14T10:35:00.000Z\",\"source\":\"Yahoo! Finance: CGC News\",\"summary\":\"After years of heavy losses and repeated restructurings, Canopy Growth is showing early signs of stabilization.\"},{\"title\":\"MacroGenics (MGNX) Reports Q1 Loss, Tops Revenue Estimates\",\"link\":\"https://finance.yahoo.com/sectors/healthcare/articles/macrogenics-mgnx-reports-q1-loss-213504625.html?.tsrc=rss\",\"p", "full_size": 10510, "error": false }, { "idx": 4, "name": "technicals", "args": { "ticker": "CGC", "days": 180 }, "result_first_8k": "{\"symbol\":\"CGC\",\"last_close\":1.06,\"ma_20\":1.07,\"ma_50\":1.07,\"ma_200\":null,\"above_50dma\":false,\"above_200dma\":null,\"ma_stack\":\"below_both\",\"rsi_14\":47.6,\"macd\":{\"macd\":-0.007,\"signal\":-0.01,\"histogram\":0.003,\"last_cross\":{\"type\":\"bullish\",\"bars_ago\":3}},\"passes_methodology\":{\"above_both_mas\":false,\"rsi_neutral_zone\":true,\"macd_recent_bullish_cross\":true}}", "full_size": 356, "error": false }, { "idx": 5, "name": "price_history", "args": { "ticker": "CGC", "days": 90 }, "result_first_8k": "{\"symbol\":\"CGC\",\"days_requested\":90,\"bars_returned\":63,\"last_close\":1.059999942779541,\"period_return_pct\":-1.85,\"period_high\":1.3799999952316284,\"period_low\":0.8569999933242798,\"ma_20\":1.07,\"ma_50\":1.07,\"ma_200\":null,\"bars\":[{\"date\":\"2026-03-04\",\"open\":1.059999942779541,\"high\":1.1200000047683716,\"low\":1.059999942779541,\"close\":1.0800000429153442,\"volume\":6765100},{\"date\":\"2026-03-05\",\"open\":1.0800000429153442,\"high\":1.090000033378601,\"low\":1.0299999713897705,\"close\":1.0399999618530273,\"volume\":11780100},{\"date\":\"2026-03-06\",\"open\":1.0299999713897705,\"high\":1.0800000429153442,\"low\":1.0299999713897705,\"close\":1.0700000524520874,\"volume\":5733800},{\"date\":\"2026-03-09\",\"open\":1.0499999523162842,\"high\":1.0800000429153442,\"low\":1.0299999713897705,\"close\":1.0700000524520874,\"volume\":10368400},{\"date\":\"2026-03-10\",\"open\":1.0800000429153442,\"high\":1.100000023841858,\"low\":1.0499999523162842,\"close\":1.059999942779541,\"volume\":5178400},{\"date\":\"2026-03-11\",\"open\":1.059999942779541,\"high\":1.0889999866485596,\"low\":1.0499999523162842,\"close\":1.0700000524520874,\"volume\":6456800},{\"date\":\"2026-03-12\",\"open\":1.0700000524520874,\"high\":1.0800000429153442,\"low\":1.0299999713897705,\"close\":1.0399999618530273,\"volume\":5108900},{\"date\":\"2026-03-13\",\"open\":1.0499999523162842,\"high\":1.0800000429153442,\"low\":1.0199999809265137,\"close\":1.0199999809265137,\"volume\":7466900},{\"date\":\"2026-03-16\",\"open\":1.0299999713897705,\"high\":1.0499999523162842,\"low\":1.0099999904632568,\"close\":1.0199999809265137,\"volume\":8791900},{\"date\":\"2026-03-17\",\"open\":1.0299999713897705,\"high\":1.100000023841858,\"low\":1.0299999713897705,\"close\":1.0700000524520874,\"volume\":6799000},{\"date\":\"2026-03-18\",\"open\":1.059999942779541,\"high\":1.0700000524520874,\"low\":1.0199999809265137,\"close\":1.0199999809265137,\"volume\":10518100},{\"date\":\"2026-03-19\",\"open\":1.0149999856948853,\"high\":1.0199999809265137,\"low\":1,\"close\":1.0099999904632568,\"volume\":10834300},{\"date\":\"2026-03-20\",\"open\":1.0199999809265137,\"high\":1.0299999713897705,\"low\":0.9229999780654907,\"close\":0.9449999928474426,\"volume\":14126500},{\"date\":\"2026-03-23\",\"open\":0.949999988079071,\"high\":0.9779999852180481,\"low\":0.8899999856948853,\"close\":0.9670000076293945,\"volume\":7879300},{\"date\":\"2026-03-24\",\"open\":0.968999981880188,\"high\":0.9700000286102295,\"low\":0.9200000166893005,\"close\":0.9589999914169312,\"volume\":4653600},{\"date\":\"2026-03-25\",\"open\":0.9599999785423279,\"high\":1.0199999809265137,\"low\":0.9399999976158142,\"close\":0.9729999899864197,\"volume\":3830600},{\"date\":\"2026-03-26\",\"open\":0.9729999899864197,\"high\":1,\"low\":0.9200000166893005,\"close\":0.9200000166893005,\"volume\":4275300},{\"date\":\"2026-03-27\",\"open\":0.9419999718666077,\"high\":0.9440000057220459,\"low\":0.8799999952316284,\"close\":0.8930000066757202,\"volume\":4860200},{\"date\":\"2026-03-30\",\"open\":0.8999999761581421,\"high\":0.906000018119812,\"low\":0.843999981880188,\"close\":0.8569999933242798,\"volume\":6136500},{\"date\":\"2026-03-31\",\"open\":0.8799999952316284,\"high\":0.9490000009536743,\"low\":0.8790000081062317,\"close\":0.9490000009536743,\"volume\":3488300},{\"date\":\"2026-04-01\",\"open\":0.9800000190734863,\"high\":1,\"low\":0.949999988079071,\"close\":0.9739999771118164,\"volume\":3977000},{\"date\":\"2026-04-02\",\"open\":0.9419999718666077,\"high\":1.0199999809265137,\"low\":0.9300000071525574,\"close\":1,\"volume\":6866600},{\"date\":\"2026-04-06\",\"open\":1.0099999904632568,\"high\":1.0399999618530273,\"low\":0.9860000014305115,\"close\":1.0199999809265137,\"volume\":7120400},{\"date\":\"2026-04-07\",\"open\":0.9950000047683716,\"high\":1.0099999904632568,\"low\":0.9769999980926514,\"close\":0.9919999837875366,\"volume\":3556900},{\"date\":\"2026-04-08\",\"open\":1.0399999618530273,\"high\":1.059999942779541,\"low\":1,\"close\":1.0399999618530273,\"volume\":17880600},{\"date\":\"2026-04-09\",\"open\":1.0199999809265137,\"high\":1.100000023841858,\"low\":1.0199999809265137,\"close\":1.090000033378601,\"volume\":16183400},{\"date\":\"2026-04-10\",\"open\":1.090000033378601,\"high\":1.1200000047683716,\"low\":1.0499999523162842,\"close\":1.0499999523162842,\"volume\":11004300},{\"date\":\"2026-04-13\",\"open\":1.0399999618530273,\"high\":1.1100000143051147,\"low\":1.0199999809265137,\"close\":1.0800000429153442,\"volume\":10401600},{\"date\":\"2026-04-14\",\"open\":1.090000033378601,\"high\":1.1200000047683716,\"low\":1.0700000524520874,\"close\":1.090000033378601,\"volume\":11360100},{\"date\":\"2026-04-15\",\"open\":1.0800000429153442,\"high\":1.1799999475479126,\"low\":1.0800000429153442,\"close\":1.149999976158142,\"volume\":11047600},{\"date\":\"2026-04-16\",\"open\":1.149999976158142,\"high\":1.1699999570846558,\"low\":1.1200000047683716,\"close\":1.149999976158142,\"volume\":8080800},{\"date\":\"2026-04-17\",\"open\":1.159999966621399,\"high\":1.2100000381469727,\"low\":1.1399999856948853,\"close\":1.1399999856948853,\"volume\":9525400},{\"date\":\"2026-04-20\",\"open\":1.1399999856948853,\"high\":1.2200000286102295,\"low\":1.1399999856948853,\"close\":1.2000000476837158,\"volume\":14889800},{\"date\":\"2026-04-21\",\"open\":1.2000000476837158,\"high\":1.2050000429153442,\"low\":1.1399999856948853,\"close\":1.1399999856948853,\"volume\":11897100},{\"date\":\"2026-04-22\",\"open\":1.149999976158142,\"high\":1.4700000286102295,\"low\":1.149999976158142,\"close\":1.3799999952316284,\"volume\":60337700},{\"date\":\"2026-04-23\",\"open\":1.5099999904632568,\"high\":1.5099999904632568,\"low\":1.190000057220459,\"close\":1.2200000286102295,\"volume\":58261400},{\"date\":\"2026-04-24\",\"open\":1.2300000190734863,\"high\":1.2300000190734863,\"low\":1.1399999856948853,\"close\":1.184999942779541,\"volume\":18662100},{\"date\":\"2026-04-27\",\"open\":1.190000057220459,\"high\":1.2100000381469727,\"low\":1.149999976158142,\"close\":1.2000000476837158,\"volume\":13700400},{\"date\":\"2026-04-28\",\"open\":1.1799999475479126,\"high\":1.190000057220459,\"low\":1.149999976158142,\"close\":1.149999976158142,\"volume\":10474300},{\"date\":\"2026-04-29\",\"open\":1.149999976158142,\"high\":1.159999966621399,\"low\":1.0800000429153442,\"close\":1.090000033378601,\"volume\":13463800},{\"date\":\"2026-04-30\",\"open\":1.100000023841858,\"high\":1.1399999856948853,\"low\":1.100000023841858,\"close\":1.1100000143051147,\"volume\":6703000},{\"date\":\"2026-05-01\",\"open\":1.1200000047683716,\"high\":1.149999976158142,\"low\":1.1100000143051147,\"close\":1.1299999952316284,\"volume\":6104700},{\"date\":\"2026-05-04\",\"open\":1.1200000047683716,\"high\":1.149999976158142,\"low\":1.090000033378601,\"close\":1.100000023841858,\"volume\":5648200},{\"date\":\"2026-05-05\",\"open\":1.1200000047683716,\"high\":1.1299999952316284,\"low\":1.0800000429153442,\"close\":1.0800000429153442,\"volume\":6949700},{\"date\":\"2026-05-06\",\"open\":1.0950000286102295,\"high\":1.159999966621399,\"low\":1.0950000286102295,\"close\":1.149999976158142,\"volume\":6416600},{\"date\":\"2026-05-07\",\"open\":1.149999976158142,\"high\":1.159999966621399,\"low\":1.125,\"close\":1.1299999952316284,\"volume\":5534400},{\"date\":\"2026-05-08\",\"open\":1.1299999952316284,\"high\":1.1399999856948853,\"low\":1.1100000143051147,\"close\":1.1100000143051147,\"volume\":4533400},{\"date\":\"2026-05-11\",\"open\":1.1100000143051147,\"high\":1.159999966621399,\"low\":1.1100000143051147,\"close\":1.1200000047683716,\"volume\":6414300},{\"date\":\"2026-05-12\",\"open\":1.1200000047683716,\"high\":1.1299999952316284,\"low\":1.090000033378601,\"close\":1.090000033378601,\"volume\":6838900},{\"date\":\"2026-05-13\",\"open\":1.100000023841858,\"high\":1.1200000047683716,\"low\":1.0800000429153442,\"close\":1.090000033378601,\"volume\":4244200},{\"date\":\"2026-05-14\",\"open\":1.0950000286102295,\"high\":1.100000023841858,\"low\":1.059999942779541,\"close\":1.0700000524520874,\"volume\":6776400},{\"date\":\"2026-05-15\",\"open\":1.059999942779541,\"high\":1.0750000476837158,\"low\":1.0199999809265137,\"close\":1.0399999618530273,\"volume\":10777200},{\"date\":\"2026-05-18\",\"open\":1.0299999713897705,\"high\":1.0499999523162842,\"low\":0.9700000286102295,\"close\":0.9819999933242798,\"volume\":11356500},{\"date\":\"2026-05-19\",\"open\":0.9819999933242798,\"high\":1.0099999904632568,\"low\":0.9559999704360962,\"close\":0.9900000095367432,\"volume\":5953300},{\"date\":\"2026-05-20\",\"open\":1.0049999952316284,\"high\":1.0499999523162842,\"low\":0.9900000095367432,\"close\":1.0299999713897705,\"volume\":8991400},{\"date\":\"2026-05-21\",\"open\":1.0299999713897705,\"high\":1.090000033378601,\"low\":1.0199999809265137,\"close\":1.0700000524520874,\"volume\":11181300},{\"date\":\"2026-05-22\",\"open\":1.0800000429153442,\"high\":1.0850000381469727,\"low\":1.03999996", "full_size": 9084, "error": false }, { "idx": 6, "name": "options_expiries", "args": { "ticker": "CGC" }, "result_first_8k": "{\"symbol\":\"CGC\",\"spot\":1.06,\"expiries\":[\"2026-06-05\",\"2026-06-12\",\"2026-06-18\",\"2026-06-26\",\"2026-07-02\",\"2026-07-10\",\"2026-07-17\",\"2026-10-16\",\"2027-01-15\",\"2028-01-21\"]}", "full_size": 171, "error": false }, { "idx": 7, "name": "edgar_form4_insiders", "args": { "ticker": "CGC", "limit": 20 }, "result_first_8k": "{\"ticker\":\"CGC\",\"cik\":\"0001737927\",\"company\":\"Canopy Growth Corp\",\"count\":20,\"filings\":[{\"form\":\"4\",\"filed\":\"2026-04-02\",\"reportDate\":\"2026-03-31\",\"accession\":\"0001104659-26-039179\",\"primaryDoc\":\"xslF345X06/tm2611026-4_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926039179/xslF345X06/tm2611026-4_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-04-02\",\"reportDate\":\"2026-03-31\",\"accession\":\"0001104659-26-039178\",\"primaryDoc\":\"xslF345X06/tm2611026-3_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926039178/xslF345X06/tm2611026-3_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-04-02\",\"reportDate\":\"2026-03-31\",\"accession\":\"0001104659-26-039176\",\"primaryDoc\":\"xslF345X06/tm2611026-2_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926039176/xslF345X06/tm2611026-2_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-04-02\",\"reportDate\":\"2026-03-31\",\"accession\":\"0001104659-26-039166\",\"primaryDoc\":\"xslF345X06/tm2611026-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926039166/xslF345X06/tm2611026-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-02-12\",\"reportDate\":\"2026-02-11\",\"accession\":\"0001104659-26-014523\",\"primaryDoc\":\"xslF345X05/tm266247-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926014523/xslF345X05/tm266247-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-01-02\",\"reportDate\":\"2025-12-31\",\"accession\":\"0001104659-26-000222\",\"primaryDoc\":\"xslF345X05/tm261727-2_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926000222/xslF345X05/tm261727-2_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2026-01-02\",\"reportDate\":\"2025-12-31\",\"accession\":\"0001104659-26-000221\",\"primaryDoc\":\"xslF345X05/tm261727-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465926000221/xslF345X05/tm261727-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-11-13\",\"reportDate\":\"2025-11-11\",\"accession\":\"0001104659-25-111341\",\"primaryDoc\":\"xslF345X05/tm2531202-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925111341/xslF345X05/tm2531202-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-30\",\"reportDate\":\"2025-09-29\",\"accession\":\"0001104659-25-095031\",\"primaryDoc\":\"xslF345X05/tm2527640-4_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925095031/xslF345X05/tm2527640-4_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-30\",\"reportDate\":\"2025-09-29\",\"accession\":\"0001104659-25-095030\",\"primaryDoc\":\"xslF345X05/tm2527640-3_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925095030/xslF345X05/tm2527640-3_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-30\",\"reportDate\":\"2025-09-29\",\"accession\":\"0001104659-25-095029\",\"primaryDoc\":\"xslF345X05/tm2527640-2_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925095029/xslF345X05/tm2527640-2_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-30\",\"reportDate\":\"2025-09-29\",\"accession\":\"0001104659-25-095025\",\"primaryDoc\":\"xslF345X05/tm2527640-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925095025/xslF345X05/tm2527640-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-23\",\"reportDate\":\"2025-09-22\",\"accession\":\"0001104659-25-092515\",\"primaryDoc\":\"xslF345X05/tm2526756-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925092515/xslF345X05/tm2526756-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-09-19\",\"reportDate\":\"2025-09-17\",\"accession\":\"0001104659-25-091658\",\"primaryDoc\":\"xslF345X05/tm2526516-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925091658/xslF345X05/tm2526516-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-08-26\",\"reportDate\":\"2025-08-22\",\"accession\":\"0001104659-25-083089\",\"primaryDoc\":\"xslF345X05/tm2524390-2_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925083089/xslF345X05/tm2524390-2_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-08-26\",\"reportDate\":\"2025-08-22\",\"accession\":\"0001104659-25-083085\",\"primaryDoc\":\"xslF345X05/tm2524390-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925083085/xslF345X05/tm2524390-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-08-20\",\"reportDate\":\"2025-08-18\",\"accession\":\"0001104659-25-080930\",\"primaryDoc\":\"xslF345X05/tm2524025-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925080930/xslF345X05/tm2524025-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-08-14\",\"reportDate\":\"2025-08-12\",\"accession\":\"0001104659-25-078606\",\"primaryDoc\":\"xslF345X05/tm2523494-1_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925078606/xslF345X05/tm2523494-1_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-07-02\",\"reportDate\":\"2025-06-30\",\"accession\":\"0001104659-25-065296\",\"primaryDoc\":\"xslF345X05/tm2519650-3_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925065296/xslF345X05/tm2519650-3_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"},{\"form\":\"4\",\"filed\":\"2025-07-02\",\"reportDate\":\"2025-06-30\",\"accession\":\"0001104659-25-065295\",\"primaryDoc\":\"xslF345X05/tm2519650-2_4seq1.xml\",\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/000110465925065295/xslF345X05/tm2519650-2_4seq1.xml\",\"indexUrl\":\"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001737927&type=4&dateb=&owner=include&count=10\"}]}", "full_size": 7583, "error": false }, { "idx": 8, "name": "options_chain", "args": { "ticker": "CGC", "expiry": "2026-06-18", "strikes_around": 30 }, "result_first_8k": "{\"symbol\":\"CGC\",\"spot\":1.06,\"expiry\":\"2026-06-18\",\"days_to_expiry\":15,\"calls\":[{\"strike\":1,\"last\":0.14,\"bid\":0.12,\"ask\":0.15,\"mid\":0.14,\"iv\":1.15625421875,\"volume\":117,\"open_interest\":2325,\"in_the_money\":true}],\"puts\":[{\"strike\":1,\"last\":0.08,\"bid\":0.06,\"ask\":0.08,\"mid\":0.07,\"iv\":1.09375453125,\"volume\":99,\"open_interest\":2143,\"in_the_money\":false}]}", "full_size": 351, "error": false }, { "idx": 9, "name": "edgar_filing_text", "args": { "filing_url": "https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039166/xslF345X06/tm2611026-1_4seq1.xml" }, "result_first_8k": "{\"error\":\"HTTP 404 https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039166/xslF345X06/tm2611026-1_4seq1.xml\"}", "full_size": 122, "error": true }, { "idx": 10, "name": "options_flow", "args": { "ticker": "CGC" }, "result_first_8k": "{\"symbol\":\"CGC\",\"expiry\":\"2026-07-10\",\"spot\":1.06,\"aggregates\":{\"call_volume\":2,\"put_volume\":1,\"put_call_ratio\":0.5,\"call_notional_usd\":22,\"put_notional_usd\":10,\"net_dollar_bias_usd\":12,\"net_dollar_bias_pct\":37.5},\"whale_blocks\":[],\"new_positioning_v_oi_gt_1\":[],\"top_call_oi_strikes\":[{\"strike\":1.5,\"oi\":133},{\"strike\":1,\"oi\":1}],\"top_put_oi_strikes\":[{\"strike\":1,\"oi\":24}],\"methodology_inputs\":{\"whale_call_blocks_otm\":0,\"whale_put_blocks_otm\":0,\"flow_directional_bias\":\"bullish\",\"flow_strength\":\"strong\"},\"note\":\"Crude UOA from yfinance V/OI. Real signal requires a paid feed (Unusual Whales etc) — v2.\"}", "full_size": 607, "error": false }, { "idx": 11, "name": "options_chain", "args": { "ticker": "CGC", "expiry": "2026-06-18", "strikes_around": 50 }, "result_first_8k": "{\"symbol\":\"CGC\",\"spot\":1.06,\"expiry\":\"2026-06-18\",\"days_to_expiry\":15,\"calls\":[{\"strike\":1,\"last\":0.14,\"bid\":0.12,\"ask\":0.15,\"mid\":0.14,\"iv\":1.15625421875,\"volume\":117,\"open_interest\":2325,\"in_the_money\":true},{\"strike\":1.5,\"last\":0.03,\"bid\":0.02,\"ask\":0.03,\"mid\":0.03,\"iv\":1.4375028125,\"volume\":174,\"open_interest\":4805,\"in_the_money\":false}],\"puts\":[{\"strike\":1,\"last\":0.08,\"bid\":0.06,\"ask\":0.08,\"mid\":0.07,\"iv\":1.09375453125,\"volume\":99,\"open_interest\":2143,\"in_the_money\":false},{\"strike\":1.5,\"last\":0.46,\"bid\":0.39,\"ask\":0.74,\"mid\":0.56,\"iv\":2.7343781640625,\"volume\":26,\"open_interest\":54,\"in_the_money\":true}]}", "full_size": 616, "error": false }, { "idx": 12, "name": "edgar_filing_text", "args": { "filing_url": "https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179/xslF345X06/tm2611026-4_4seq1.xml", "max_chars": 15000 }, "result_first_8k": "{\"error\":\"HTTP 404 https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179/xslF345X06/tm2611026-4_4seq1.xml\"}", "full_size": 122, "error": true }, { "idx": 13, "name": "edgar_filing_text", "args": { "filing_url": "https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt", "max_chars": 15000 }, "result_first_8k": "{\"url\":\"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt\",\"length\":1645,\"text\":\"0001104659-26-039179.txt : 20260402 0001104659-26-039179.hdr.sgml : 20260402 20260402161622 ACCESSION NUMBER: 0001104659-26-039179 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20260331 FILED AS OF DATE: 20260402 DATE AS OF CHANGE: 20260402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Yanofsky Theresa CENTRAL INDEX KEY: 0001808511 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38496 FILM NUMBER: 26833770 MAIL ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITHS FALLS STATE: A6 ZIP: K7A 0A8 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Canopy Growth Corp CENTRAL INDEX KEY: 0001737927 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences EIN: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 BUSINESS PHONE: 855-558-9333 MAIL ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 4 1 tm2611026-4_4seq1.xml OWNERSHIP DOCUMENT X0609 4 2026-03-31 0 0001737927 Canopy Growth Corp CGC 0001808511 Yanofsky Theresa true C/O CANOPY GROWTH CORPORATION 1 HERSHEY DRIVE SMITHS FALLS A6 K7A 0A8 ONTARIO, CANADA 1 0 0 0 0 Common Shares 2026-03-31 4 S 0 10373 0.93 D 53145 D The shares reported as disposed herein were granted on June 3, 2025, in the form of restricted stock units ("RSUs"). The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs. /s/ Keith Pisani, Attorney-in-fact for Theresa Yanofsky 2026-04-02\"}", "full_size": 1751, "error": false }, { "idx": 14, "name": "price_history", "args": { "ticker": "CGC", "days": 365 }, "result_first_8k": "{\"symbol\":\"CGC\",\"days_requested\":365,\"bars_returned\":252,\"last_close\":1.059999942779541,\"period_return_pct\":-12.4,\"period_high\":1.9199999570846558,\"period_low\":0.8569999933242798,\"ma_20\":1.07,\"ma_50\":1.07,\"ma_200\":1.21,\"bars\":[{\"date\":\"2025-06-02\",\"open\":1.3600000143051147,\"high\":1.3600000143051147,\"low\":1.190000057220459,\"close\":1.2100000381469727,\"volume\":13376300},{\"date\":\"2025-06-03\",\"open\":1.2200000286102295,\"high\":1.25,\"low\":1.1799999475479126,\"close\":1.2100000381469727,\"volume\":6282700},{\"date\":\"2025-06-04\",\"open\":1.25,\"high\":1.350000023841858,\"low\":1.2309999465942383,\"close\":1.2999999523162842,\"volume\":15491800},{\"date\":\"2025-06-05\",\"open\":1.3200000524520874,\"high\":1.409999966621399,\"low\":1.284999966621399,\"close\":1.3700000047683716,\"volume\":7581700},{\"date\":\"2025-06-06\",\"open\":1.399999976158142,\"high\":1.7000000476837158,\"low\":1.3899999856948853,\"close\":1.7000000476837158,\"volume\":10598400},{\"date\":\"2025-06-09\",\"open\":1.7300000190734863,\"high\":1.7999999523162842,\"low\":1.590000033378601,\"close\":1.6200000047683716,\"volume\":10892000},{\"date\":\"2025-06-10\",\"open\":1.6399999856948853,\"high\":1.6399999856948853,\"low\":1.4800000190734863,\"close\":1.5,\"volume\":10504400},{\"date\":\"2025-06-11\",\"open\":1.600000023841858,\"high\":1.7000000476837158,\"low\":1.5399999618530273,\"close\":1.5700000524520874,\"volume\":13405800},{\"date\":\"2025-06-12\",\"open\":1.6100000143051147,\"high\":1.6100000143051147,\"low\":1.5199999809265137,\"close\":1.5299999713897705,\"volume\":4384000},{\"date\":\"2025-06-13\",\"open\":1.5049999952316284,\"high\":1.5299999713897705,\"low\":1.4600000381469727,\"close\":1.4800000190734863,\"volume\":5121100},{\"date\":\"2025-06-16\",\"open\":1.5199999809265137,\"high\":1.534999966621399,\"low\":1.440000057220459,\"close\":1.4500000476837158,\"volume\":9439700},{\"date\":\"2025-06-17\",\"open\":1.440000057220459,\"high\":1.4800000190734863,\"low\":1.3200000524520874,\"close\":1.3200000524520874,\"volume\":7690100},{\"date\":\"2025-06-18\",\"open\":1.3200000524520874,\"high\":1.350000023841858,\"low\":1.2799999713897705,\"close\":1.2899999618530273,\"volume\":8941300},{\"date\":\"2025-06-20\",\"open\":1.309999942779541,\"high\":1.309999942779541,\"low\":1.2300000190734863,\"close\":1.2400000095367432,\"volume\":6131900},{\"date\":\"2025-06-23\",\"open\":1.2300000190734863,\"high\":1.2400000095367432,\"low\":1.159999966621399,\"close\":1.190000057220459,\"volume\":9760600},{\"date\":\"2025-06-24\",\"open\":1.2200000286102295,\"high\":1.2899999618530273,\"low\":1.2100000381469727,\"close\":1.25,\"volume\":7363400},{\"date\":\"2025-06-25\",\"open\":1.2599999904632568,\"high\":1.2699999809265137,\"low\":1.2100000381469727,\"close\":1.2300000190734863,\"volume\":8114900},{\"date\":\"2025-06-26\",\"open\":1.2300000190734863,\"high\":1.2699999809265137,\"low\":1.2100000381469727,\"close\":1.2400000095367432,\"volume\":10281600},{\"date\":\"2025-06-27\",\"open\":1.25,\"high\":1.2599999904632568,\"low\":1.2200000286102295,\"close\":1.2200000286102295,\"volume\":6412100},{\"date\":\"2025-06-30\",\"open\":1.2300000190734863,\"high\":1.2400000095367432,\"low\":1.2000000476837158,\"close\":1.2200000286102295,\"volume\":7511000},{\"date\":\"2025-07-01\",\"open\":1.2200000286102295,\"high\":1.2400000095367432,\"low\":1.1299999952316284,\"close\":1.1299999952316284,\"volume\":8417400},{\"date\":\"2025-07-02\",\"open\":1.149999976158142,\"high\":1.2100000381469727,\"low\":1.1449999809265137,\"close\":1.190000057220459,\"volume\":8157500},{\"date\":\"2025-07-03\",\"open\":1.2100000381469727,\"high\":1.340000033378601,\"low\":1.2050000429153442,\"close\":1.2799999713897705,\"volume\":9848100},{\"date\":\"2025-07-07\",\"open\":1.2799999713897705,\"high\":1.2899999618530273,\"low\":1.1799999475479126,\"close\":1.2000000476837158,\"volume\":8462800},{\"date\":\"2025-07-08\",\"open\":1.2000000476837158,\"high\":1.2599999904632568,\"low\":1.2000000476837158,\"close\":1.2300000190734863,\"volume\":13649800},{\"date\":\"2025-07-09\",\"open\":1.25,\"high\":1.2799999713897705,\"low\":1.2400000095367432,\"close\":1.2599999904632568,\"volume\":10425600},{\"date\":\"2025-07-10\",\"open\":1.2599999904632568,\"high\":1.3300000429153442,\"low\":1.159999966621399,\"close\":1.190000057220459,\"volume\":24458000},{\"date\":\"2025-07-11\",\"open\":1.1799999475479126,\"high\":1.184999942779541,\"low\":1.1200000047683716,\"close\":1.1299999952316284,\"volume\":12991600},{\"date\":\"2025-07-14\",\"open\":1.159999966621399,\"high\":1.1699999570846558,\"low\":1.1299999952316284,\"close\":1.1699999570846558,\"volume\":9225600},{\"date\":\"2025-07-15\",\"open\":1.1799999475479126,\"high\":1.184999942779541,\"low\":1.0700000524520874,\"close\":1.090000033378601,\"volume\":10596400},{\"date\":\"2025-07-16\",\"open\":1.1100000143051147,\"high\":1.1100000143051147,\"low\":1.0700000524520874,\"close\":1.100000023841858,\"volume\":8033700},{\"date\":\"2025-07-17\",\"open\":1.100000023841858,\"high\":1.1299999952316284,\"low\":1.0829999446868896,\"close\":1.1100000143051147,\"volume\":4141600},{\"date\":\"2025-07-18\",\"open\":1.1299999952316284,\"high\":1.1399999856948853,\"low\":1.0800000429153442,\"close\":1.090000033378601,\"volume\":4621700},{\"date\":\"2025-07-21\",\"open\":1.090000033378601,\"high\":1.1399999856948853,\"low\":1.090000033378601,\"close\":1.1200000047683716,\"volume\":7277200},{\"date\":\"2025-07-22\",\"open\":1.1200000047683716,\"high\":1.25,\"low\":1.1100000143051147,\"close\":1.25,\"volume\":21518400},{\"date\":\"2025-07-23\",\"open\":1.2599999904632568,\"high\":1.2699999809265137,\"low\":1.149999976158142,\"close\":1.1699999570846558,\"volume\":11899200},{\"date\":\"2025-07-24\",\"open\":1.1649999618530273,\"high\":1.1799999475479126,\"low\":1.1100000143051147,\"close\":1.1100000143051147,\"volume\":8825200},{\"date\":\"2025-07-25\",\"open\":1.1200000047683716,\"high\":1.1399999856948853,\"low\":1.100000023841858,\"close\":1.1399999856948853,\"volume\":6429500},{\"date\":\"2025-07-28\",\"open\":1.1399999856948853,\"high\":1.1399999856948853,\"low\":1.090000033378601,\"close\":1.090000033378601,\"volume\":6678800},{\"date\":\"2025-07-29\",\"open\":1.090000033378601,\"high\":1.100000023841858,\"low\":1.0099999904632568,\"close\":1.0199999809265137,\"volume\":10487900},{\"date\":\"2025-07-30\",\"open\":1.034999966621399,\"high\":1.0800000429153442,\"low\":1.0199999809265137,\"close\":1.0499999523162842,\"volume\":7024500},{\"date\":\"2025-07-31\",\"open\":1.0800000429153442,\"high\":1.0889999866485596,\"low\":1.0199999809265137,\"close\":1.0299999713897705,\"volume\":3652300},{\"date\":\"2025-08-01\",\"open\":1.0299999713897705,\"high\":1.1200000047683716,\"low\":1.0099999904632568,\"close\":1.0499999523162842,\"volume\":6995900},{\"date\":\"2025-08-04\",\"open\":1.0700000524520874,\"high\":1.1100000143051147,\"low\":1.0499999523162842,\"close\":1.100000023841858,\"volume\":4779200},{\"date\":\"2025-08-05\",\"open\":1.100000023841858,\"high\":1.1100000143051147,\"low\":1.0499999523162842,\"close\":1.0800000429153442,\"volume\":5262600},{\"date\":\"2025-08-06\",\"open\":1.090000033378601,\"high\":1.090000033378601,\"low\":1.0199999809265137,\"close\":1.0499999523162842,\"volume\":3757000},{\"date\":\"2025-08-07\",\"open\":1.0499999523162842,\"high\":1.0800000429153442,\"low\":1.0399999618530273,\"close\":1.0499999523162842,\"volume\":3733600},{\"date\":\"2025-08-08\",\"open\":1.100000023841858,\"high\":1.4299999475479126,\"low\":1.100000023841858,\"close\":1.25,\"volume\":45695400},{\"date\":\"2025-08-11\",\"open\":1.4450000524520874,\"high\":1.7000000476837158,\"low\":1.399999976158142,\"close\":1.5800000429153442,\"volume\":99803400},{\"date\":\"2025-08-12\",\"open\":1.7949999570846558,\"high\":1.8049999475479126,\"low\":1.5199999809265137,\"close\":1.5499999523162842,\"volume\":63220500},{\"date\":\"2025-08-13\",\"open\":1.5700000524520874,\"high\":1.6799999475479126,\"low\":1.5499999523162842,\"close\":1.6399999856948853,\"volume\":50446500},{\"date\":\"2025-08-14\",\"open\":1.4950000047683716,\"high\":1.600000023841858,\"low\":1.4600000381469727,\"close\":1.4900000095367432,\"volume\":28764700},{\"date\":\"2025-08-15\",\"open\":1.5199999809265137,\"high\":1.5299999713897705,\"low\":1.2899999618530273,\"close\":1.2999999523162842,\"volume\":25438500},{\"date\":\"2025-08-18\",\"open\":1.340000033378601,\"high\":1.4600000381469727,\"low\":1.3300000429153442,\"close\":1.3700000047683716,\"volume\":22324700},{\"date\":\"2025-08-19\",\"open\":1.3700000047683716,\"high\":1.3799999952316284,\"low\":1.2300000190734863,\"close\":1.25,\"volume\":18021500},{\"date\":\"2025-08-20\",\"open\":1.2599999904632568,\"high\":1.2699999809265137,\"low\":1.159999966621399,\"close\":1.2100000381469727,\"volume\":14752600},{\"date\":\"2025-08-21\",\"open\":1.2000000476837158,\"high\":1.2599999904632568,\"low\":1.149999976158142,\"close\":1.2400000095367", "full_size": 35710, "error": false } ], "final_message": "{\n \"symbol\": \"CGC\",\n \"company\": \"Canopy Growth Corporation\",\n \"investigation_summary\": \"CGC reports FY Q4 (fiscal year ending Mar 31, 2026) earnings on 2026-06-15. The company has pre-announced a financial restatement covering FY24 and FY25 — a significant red flag that amplifies binary risk around the print. Options chain is thin with only two liquid strikes ($1.00 ITM call and $0.07 ATM put mid) available on the nearest post-catalyst expiry (Jun 18). Implied move via ATM straddle ≈19.8% but no reliable historical baseline exists given consistent massive EPS misses in prior quarters (-545%, -61%, +103%, -183%). The stock trades at ~$1.06, well below $5 quality floor; market cap is $476M — both failing the minimum thresholds for a defined-risk catalyst trade. Direction signals are mixed to negative: insider Form 4 filings show only RSU vesting (code S), no actual P-buys; recent Tweed Germany relaunch and softgel expansion provide product-level positives but cannot offset structural headwinds. Technicals show price below both the 20DMA and 50DMA with RSI at 47.6 neutral-zone and MACD just barely bullish-cross three bars ago — insufficiently directional. The restatement announcement, sub-$1 price point, thin options liquidity (only 2 strikes on Jun-18 chain), absence of analyst coverage, and no credible magnitude edge all combine to reject this setup.\",\n \"verdict\": \"no_setup\",\n \"confidence_in_data\": 4,\n \"catalyst\": {\n \"type\": \"earnings\",\n \"date\": \"2026-06-15\",\n \"dte\": 13,\n \"binary\": true,\n \"outcome_scenarios\": [\"beat → relief rally (but revenue est. $74M vs prior-year weakness); magnitude unclear\", \"miss + restatement overhang → elevated downside risk to sub-$0.90\"]\n },\n \"implied_vs_realized\": {\n \"implied_move_pct\": 19.8,\n \"historical_avg_move_pct\": null,\n \"n_historical_events\": 4,\n \"magnitude_edge_note\": \"Cannot compute reliable magnitude edge; prior quarters show extreme volatility (EPS surprises ranging -545% to +103%) and realized stock moves are distorted by confounding catalysts (Dec 2025 DEA rescheduling, Aug 2025 short squeeze). No clean earnings-only baseline available.\"\n },\n \"direction_signals\": {\n \"insider_buys_90d\": \"no\",\n \"analyst_revisions_30d\": \"none\",\n \"technical_setup\": \"neutral\",\n \"options_skew\": \"flat\",\n \"news_sentiment\": \"mixed\",\n \"direction_lean\": \"neutral\"\n },\n \"structure_recommendation\": null,\n \"candidate_contracts\": [],\n \"quality_floor\": {\n \"market_cap\": 476025312,\n \"price\": 1.06,\n \"going_concern\": false,\n \"passes_floor\": false\n },\n \"anti_signals_present\": [\n \"Price $1.06 — sub-$5 penny-stock threshold\",\n \"Market cap $476M — below recommended floor for defined-risk catalyst structures\",\n \"Pre-announced financial restatement (FY24/FY25 refiling) announced May 15, 2026 increases binary earnings risk materially\",\n \"Only one ATM option strike ($1.00) available on Jun-18 expiry; OTM coverage insufficient for spread construction\",\n \"Deeply unprofitable: profit_margin -117%, operating_margin -17.6%, EBITDA margin -3.1%\",\n \"Debt/Equity 33.65x — severe balance sheet stress\",\n \"No analyst coverage (single 'none' recommendation, no revisions signal)\",\n \"Form 4 filings in prior 90 days are RSU vests and tax-withholding dispositions (code S), not open-market purchases\"\n ],\n \"key_risks\": [\n \"Financial restatement pre-announced — earnings may be delayed or accompanied by material weakness disclosure\",\n \"Penny-stock pricing ($1.06) makes options spreads uneconomical due to wide bid-ask on thin liquidity\",\n \"Prior quarter EPS surprises are extreme outliers and not directionally informative for magnitude edge calculation\",\n \"Only two strikes available on post-catalyst expiry — no OTM leg for debit spread construction\",\n \"Market cap $476M creates slippage risk in the underlying at event resolution\"\n ],\n \"sources\": [\n {\"label\": \"Earnings date confirmation\", \"url\": \"https://finance.yahoo.com/markets/stocks/articles/canopy-growth-provides-financial-reporting-210000242.html\"},\n {\"label\": \"Restatement announcement May 15 2026\", \"url\": \"https://www.fool.com/investing/2026/05/22/canopy-growth-is-restating-two-years-of-financials/\"},\n {\"label\": \"Fundamentals / quality floor check\", \"url\": \"\"},\n {\"label\": \"Form 4 RSU vest verification (no P-buy)\", \"url\": \"https://www.sec.gov/Archives/edgar/data/1737927/0001104659-26-039179.txt\"}\n ]\n}", "tool_calls_total": 14, "walltime_ms": 353590, "stop_reason": "stop", "completed_at": "2026-06-02T21:09:20.334Z" }