Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 2

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 1
Chunk 2
---
797
    )

    -

    (208,047
    )

    Balance at December 31, 2023
     
    $
    8,219,747

    $
    510,703

    $
    2,590,765

    $
    (522,949
    )
     
    $
    -

    $
    (16,049
    )
     
    $
    (10,237,693
    )
     
    $
    139

    $
    544,663

The accompanying notes are an integral part of these condensed interim consolidated financial statements.

4

CANOPY GROWTH CORPORATION

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS 

(in thousands of Canadian dollars, unaudited)

    Nine months ended December 31,

    2024

    2023

    Cash flows from operating activities:

    Net loss
     
    $
    (377,327
    )
     
    $
    (583,458
    )

    Gain (loss) from discontinued operations, net of income tax

    5,310

    (194,451
    )

    Net loss from continuing operations

    (382,637
    )

    (389,007
    )

    Adjustments to reconcile net loss to net cash used in operating activities:

    Depreciation of property, plant and equipment

    15,570

    22,485

    Amortization of intangible assets

    16,081

    19,396

    Share-based compensation

    14,531

    10,127

    Loss (gain) on asset impairment and restructuring

    18,971

    (816
    )

    Income tax expense

    6,812

    13,762

    Non-cash fair value adjustments and charges related to   settlement of long-term debt

    223,591

    188,452

    Change in operating assets and liabilities, net of effects from    purchases of businesses:

    Amounts receivable

    (3,163
    )

    (14,460
    )

    Inventory

    (12,924
    )

    (8,047
    )

    Prepaid expenses and other assets

    (641
    )

    (843
    )

    Accounts payable and accrued liabilities

    (17,000
    )