Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 220

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 220
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3,124

        32,262

        7,010

        Brands

        14,498

        8,307

        14,493

        10,850

        Amortizable intangibles in process

        256

        256

        29

        29

        Total
         
        $
        202,245

        $
        60,652

        $
        199,588

        $
        75,453

        Indefinite lived intangible assets

        Acquired brands

        $
        29,139

        $
        28,600

        Total intangible assets

        $
        89,791

        $
        104,053

      Amortization expense included in cost of goods sold for the three and nine months ended December 31, 2024 is $5 and $29, respectively (three and nine months ended December 31, 2023 – $13 and $41, respectively). Amortization expense included in selling, general and administrative expenses for the three and nine months ended December 31, 2024 is $5,367 and $16,052, respectively (three and nine months ended December 31, 2023 – $6,310 and $19,355, respectively).

19

15.  GOODWILLThe changes in the carrying amount of goodwill are as follows:

        Balance, March 31, 2023
         
        $
        85,563

        Impairment losses

        (42,081
        )

        Foreign currency translation adjustments

        (243
        )

        Balance, March 31, 2024
         
        $
        43,239

        Foreign currency translation adjustments

        854

        Balance, December 31, 2024
         
        $
        44,093

      The Company does not believe that an event occurred or circumstances changed during the nine months ended December 31, 2024 that would, more likely than not, reduce the fair value of the Storz & Bickel® (“Storz & Bickel”) reporting unit below its carrying value. Therefore, the Company concluded that the quantitative goodwill impairment assessment was not required for the Storz & Bickel reporting unit at December 31, 2024. The carrying value of goodwill associated with the Storz & Bickel reporting unit was $44,093 at