Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 217

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 217
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 in the accounts receivable, net balance at December 31, 2024 is an allowance for doubtful accounts of $8,161 (March 31, 2024 – $9,903).

9.  INVENTORYThe components of inventory are as follows:

        December 31,

        March 31,

        2024

        2024

        Raw materials, packaging supplies and consumables
         
        $
        15,980

        $
        18,872

        Work in progress

        42,733

        31,367

        Finished goods

        32,040

        27,053

        $
        90,753

        $
        77,292

      In the three and nine months ended December 31, 2024, the Company recorded write-downs related to inventory in cost of goods sold of $1,225 and $3,130, respectively (three and nine months ended December 31, 2023 – $859 and $8,362, respectively).

10.  PREPAID EXPENSES AND OTHER ASSETSThe components of prepaid expenses and other assets are as follows:

        December 31,

        March 31,

        2024

        2024

        Prepaid expenses
         
        $
        5,609

        $
        6,621

        Deposits

        5,254

        2,365

        Other assets

        4,959

        14,246

        $
        15,822

        $
        23,232

16

 11.  EQUITY METHOD INVESTMENTSThe components of equity method investments are as follows:

        December 31,

        March 31,

        2024

        2024

        Canopy USA
         
        $
        49,834

        $
        -

        $
        49,834

        $
        -

      Through its ownership in the Non-Voting Shares, the Company has a non-participating and non-voting interest in Canopy USA and classifies such interest in Canopy USA as an equity method investment. The Company has elected to account for its investment in Canopy USA at fair value. Refer to Note 23 for information on the valuation technique and inputs used in determining the fair value of the Canopy USA investment and Note 25 for information on fair value movements.

17

 12.  OTHER