WEED.TO vs. TLRY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Canopy Growth Corporation (WEED.TO) and Tilray Brands, Inc. (TLRY.TO).

Performance

WEED.TO vs. TLRY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canopy Growth Corporation (WEED.TO) and Tilray Brands, Inc. (TLRY.TO). The values are adjusted to include any dividend payments, if applicable.

WEED.TO vs. TLRY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WEED.TO Canopy Growth Corporation	-15.38%	-60.41%	-41.72%	-78.47%	-71.56%	-64.72%
TLRY.TO Tilray Brands, Inc.	-27.72%	553.16%	-37.91%	-16.62%	-58.86%	-53.93%

Fundamentals

Market Cap WEED.TO : CA$456.11M TLRY.TO : CA$989.78M
EPS WEED.TO : -CA$1.21 TLRY.TO : -CA$20.76
PS Ratio WEED.TO : 1.28 TLRY.TO : 0.99
PB Ratio WEED.TO : 0.60 TLRY.TO : 0.45
Total Revenue (TTM) WEED.TO : CA$278.39M TLRY.TO : CA$924.02M
Gross Profit (TTM) WEED.TO : CA$67.17M TLRY.TO : CA$234.61M
EBITDA (TTM) WEED.TO : -CA$245.54M TLRY.TO : -CA$1.99B

Returns By Period

In the year-to-date period, WEED.TO achieves a -15.38% return, which is significantly higher than TLRY.TO's -27.72% return.

WEED.TO

• 1D: 10.00%
• 1M: -14.29%
• YTD: -15.38%
• 6M: -34.98%
• 1Y: -0.75%
• 3Y*: -61.81%
• 5Y*: -68.14%
• 10Y*: -25.74%

TLRY.TO

• 1D: 7.43%
• 1M: -16.40%
• YTD: -27.72%
• 6M: 273.75%
• 1Y: 854.26%
• 3Y*: 37.77%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

WEED.TO vs. TLRY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WEED.TO

WEED.TO Risk / Return Rank: 44
WEED.TO Sharpe Ratio Rank: 41
WEED.TO Sortino Ratio Rank: 55
WEED.TO Omega Ratio Rank: 51
WEED.TO Calmar Ratio Rank: 38
WEED.TO Martin Ratio Rank: 38

TLRY.TO

TLRY.TO Risk / Return Rank: 94
TLRY.TO Sharpe Ratio Rank: 74
TLRY.TO Sortino Ratio Rank: 100
TLRY.TO Omega Ratio Rank: 99
TLRY.TO Calmar Ratio Rank: 99
TLRY.TO Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WEED.TO vs. TLRY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canopy Growth Corporation (WEED.TO) and Tilray Brands, Inc. (TLRY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	WEED.TO	TLRY.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.01	1.00	-1.00
Sortino ratio Return per unit of downside risk	0.94	14.24	-13.30
Omega ratio Gain probability vs. loss probability	1.11	2.53	-1.43
Calmar ratio Return relative to maximum drawdown	-0.13	13.87	-13.99
Martin ratio Return relative to average drawdown	-0.21	25.24	-25.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WEED.TO vs. TLRY.TO - Sharpe Ratio Comparison

The current WEED.TO Sharpe Ratio is -0.01, which is lower than the TLRY.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of WEED.TO and TLRY.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WEED.TO	TLRY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	1.00	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.04	+0.04

Correlation

The correlation between WEED.TO and TLRY.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

WEED.TO vs. TLRY.TO - Dividend Comparison

Neither WEED.TO nor TLRY.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

WEED.TO vs. TLRY.TO - Drawdown Comparison

The maximum WEED.TO drawdown since its inception was -99.84%, roughly equal to the maximum TLRY.TO drawdown of -98.08%. Use the drawdown chart below to compare losses from any high point for WEED.TO and TLRY.TO.

Drawdown Indicators

	WEED.TO	TLRY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.84%	-98.08%	-1.76%
Max Drawdown (1Y) Largest decline over 1 year	-55.39%	-60.88%	+5.49%
Max Drawdown (5Y) Largest decline over 5 years	-99.71%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.84%	—	—
Current Drawdown Current decline from peak	-99.82%	-65.50%	-34.32%
Average Drawdown Average peak-to-trough decline	-59.65%	-78.43%	+18.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.19%	33.45%	+0.74%

Volatility

WEED.TO vs. TLRY.TO - Volatility Comparison

Canopy Growth Corporation (WEED.TO) has a higher volatility of 17.89% compared to Tilray Brands, Inc. (TLRY.TO) at 16.20%. This indicates that WEED.TO's price experiences larger fluctuations and is considered to be riskier than TLRY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEED.TO	TLRY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.89%	16.20%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	66.12%	238.10%	-171.98%
Volatility (1Y) Calculated over the trailing 1-year period	114.57%	866.55%	-751.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.74%	399.01%	-277.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	101.77%	399.01%	-297.24%

Financials

WEED.TO vs. TLRY.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Canopy Growth Corporation and Tilray Brands, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WEED.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a gross profit of 16.68M and revenue of 74.54M. Therefore, the gross margin over that period was 22.4%.

TLRY.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tilray Brands, Inc. reported a gross profit of 57.50M and revenue of 304.21M. Therefore, the gross margin over that period was 18.9%.

WEED.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported an operating income of -13.10M and revenue of 74.54M, resulting in an operating margin of -17.6%.

TLRY.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tilray Brands, Inc. reported an operating income of -22.28M and revenue of 304.21M, resulting in an operating margin of -7.3%.

WEED.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canopy Growth Corporation reported a net income of -62.63M and revenue of 74.54M, resulting in a net margin of -84.0%.

TLRY.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tilray Brands, Inc. reported a net income of -62.84M and revenue of 304.21M, resulting in a net margin of -20.7%.