Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 292

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 292
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On August 20, 2024, we entered into the August 2024 Supreme Convertible Debt Exchange with the August 2024 Investor pursuant to which, among other things, the August 2024 Investor delivered to the Company approximately $2.7 million of aggregate principal amount of outstanding Supreme Debentures held by the August 2024 Investor in exchange for 291,351 common shares of the Company and $0.03 million in cash for accrued interest.

In addition to the above, we continue to review and pursue selected external financing sources to ensure adequate financial resources. These potential sources include, but are not limited to: (i) obtaining financing from traditional or non-traditional investment capital organizations; (ii) obtaining funding from the sale of our common shares or other equity or debt instruments; and (iii) obtaining debt financing with lending terms that more closely match our business model and capital needs. We may from time to time seek to retire our outstanding debt through cash purchases and/or exchanges for equity securities, and open market purchases, privately negotiated transactions or otherwise. Such repurchases or exchanges, if any, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.

55

Cash Flows

The following table presents cash flows for the nine months ended December 31, 2024 and 2023:

    Nine months ended December 31,

    (in thousands of Canadian dollars)
     
    2024

    2023

    Net cash (used in) provided by:

    Operating activities1
     
    $
    (132,598
    )
     
    $
    (259,891
    )

    Investing activities2
     
    $
    (46,787
    )

    202,106

    Financing activities
     
    $
    164,618

    (473,524
    )

    Effect of exchange rate changes on cash and cash equivalents
     
    $
    6,376

    (2,953
    )

    Net decrease in cash and cash equivalents
     
    $
    (8,391
    )

    (534,262
    )

    Cash and cash equivalents, beginning of period3
     
    $
    170,300

    677,007

    Cash and cash equivalents, end of period4
     
    $
    161,909

    $
    142,745

    1 Includes net