Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 239

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 239
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 and sale of a diverse range of cannabis and hemp products internationally pursuant to applicable international legislation, regulations and permits. Priority markets include medical cannabis in Australia and Europe where the Company offers branded high-quality flower, oil and extract products under the Company's recognized Spectrum Therapeutics, Canopy Medical and Tweed brands, as well as the Company's Storz & Bickel line of medically approved vaporizers in Australia;•Storz & Bickel - includes the production, distribution and sale of vaporizers and accessories; and•This Works - includes the production, distribution and sale of beauty, skincare, wellness and sleep products, some of which have been blended with hemp-derived CBD isolate. On December 18, 2023, the Company completed the sale of This Works and as of such date, the results of This Works are no longer included in the Company's financial results.These segments reflect how the Company's operations are managed, how the Company's Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), allocates resources and evaluates performance, and how the Company's internal management financial reporting is structured. The Company's CODM evaluates the performance of these segments, with a focus on (i) segment net revenue, and (ii) segment gross margin as the measure of segment profit or loss. The remainder of the Company's operations include revenue derived from, and cost of sales associated with, the Company's non-cannabis extraction activities and other ancillary activities; these are included within "other".

30

        Three months ended

        Nine months ended

        December 31,

        December 31,

        December 31,

        December 31,

        2024

        2023

        2024

        2023

        Segmented net revenue

        Canada cannabis
         
        $
        40,728

        $
        40,384

        $
        115,483

        $
        120,543

        International markets cannabis

        12,024

        10,527

        32,166

        29,666

        Storz & Bickel

        22,009

        18,453

        56,315

        48,517

        This Works

        -

        8,165

        -

        21,256

        Other

        -

        976

        -

        4,376

        $
        74,761

        $
        78