Is Canopy Growth Corp (CGC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 78.3% / 30% | 29.5% / 30% | 11.9% / 30% | 3.28% / 5% | ✗ NOT HALAL |
| DJIM | 78.3% / 33% | 29.5% / 33% | 11.9% / 33% | 3.28% / 5% | ✗ NOT HALAL |
| MSCI | 38.0% / 33% | 14.3% / 33% | 5.8% / 33% | 3.28% / 5% | ✗ NOT HALAL |
| S&P | 78.3% / 33% | 29.5% / 33% | 11.9% / 33% | 3.28% / 5% | ✗ NOT HALAL |
| FTSE | 38.0% / 33% | 14.3% / 33% | 5.8% / 50% | 3.28% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 26.6% | |
| Operating Margin | -17.6% | |
| Net Margin | -117.3% | |
| Return on Equity (ROE) | -48.5% | |
| Return on Assets (ROA) | -2.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$166M |
| Free Cash Flow | -$177M |
| Total Debt | $348M |
| Debt-to-Equity | 33.6 |
| Current Ratio | 5.3 |
| Total Assets | $918M |
Price & Trading
| Last Close | $0.92 |
| 50-Day MA | $1.09 |
| 200-Day MA | $1.24 |
| Avg Volume | 12.6M |
| Beta | 2.3 |
|
52-Week Range
$0.77
| |
About Canopy Growth Corp (CGC)
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 name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
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Frequently Asked Questions
Is Canopy Growth Corp (CGC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Canopy Growth Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Canopy Growth Corp's debt ratio?
Canopy Growth Corp's debt ratio is 78.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 38.0%.
What are Canopy Growth Corp's key financial metrics?
Canopy Growth Corp has a market capitalization of $401M, and revenue of $269M. The company maintains a gross margin of 26.6% and a net margin of -117.3%. Return on equity stands at -48.5%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.