Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 117

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 3
Chunk 117
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 instruments carry a degree of interest rate risk. The fair value of fixed-rate securities may be adversely impacted due to a rise in 

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interest rates. Additionally, a falling-rate environment creates reinvestment risk because as securities mature, the proceeds are reinvested at a lower rate, generating less interest income. As at December 31, 2024, our cash and cash equivalents, and short-term investments consisted of $32.7 million in interest rate sensitive instruments (March 31, 2024 – $88.0 million).

Our financial liabilities consist of long-term fixed rate debt and floating-rate debt. Fluctuations in interest rates could impact our cash flows, primarily with respect to the interest payable on floating-rate debt.

    Aggregate Notional Value

    Fair Value

    Decrease in Fair Value - Hypothetical 1% Rate Increase

    December 31, 2024

    March 31, 2024

    December 31, 2024

    March 31, 2024

    December 31, 2024

    March 31, 2024

    Promissory note
     
    $
    -

    $
    100,000

    $
    -

    $
    89,224

    $
    -

    $
    (523
    )

    Fixed interest rate debt

    99,356

    38,186

    N/A

    N/A

    N/A

    N/A

    Variable interest rate debt

    360,481

    469,819

    N/A

    N/A

    N/A

    N/A

Equity price risk

We hold other financial assets and liabilities in the form of investments in shares, warrants, options, put liabilities, and convertible debentures that are measured at fair value and recorded through either net income (loss) or other comprehensive income (loss). We are exposed to price risk on these financial assets, which is the risk of variability in fair value due to movements in equity or market prices.

Information regarding the fair value of financial instrument assets and liabilities that are measured at fair value on a recurring basis, and the relationship between the unobservable inputs used in the valuation of these financial assets and their fair value is presented in Note 23 of the Interim Financial Statements.

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