Well, my neighbors brought theirs over and used it on an alpha bear that was plaguing us. It barely did a dent in the bear and it was a lower level bear too - I think they shot 20 cannon balls into the thing to get it to half. Fire arrows and blunderbuss did more damage than the cannon. Can't survive long enough to try it on a hoard of wolves, so my guess is a no on that as well, lol!
We tried to use the swivel cannon on it as well and sadly it's only the cannon that will go on the useless cart currently