Canopy Growth (CGC) disclosed that its independent accounting firm, PKF O'Connor Davies (PKFOD), resigned effective August 7, 2026, saying it wanted to make strategic changes and no longer serve cannabis-sector clients. The company's audit committee accepted the resignation. The filing says there were no accounting disagreements between the two over the past two fiscal years and the interim period, but it also notes that PKFOD's 2026 audit of internal controls included an adverse opinion because of a material weakness related to how certain equity-linked instruments were classified. It also references the previously disclosed restatement of prior financial statements tied to non-cash accounting errors on U.S.-dollar-denominated, share-settled warrants.
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