Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 41

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 1
Chunk 41
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31, 2024 reflects excise taxes of $9,335 and $25,755, respectively (three and nine months ended December 31, 2023 – $9,741 and $31,596, respectively).2Canadian medical cannabis net revenue for the three and nine months ended December 31, 2024 reflects excise taxes of $2,148 and $6,266, respectively (three and nine months ended December 31, 2023 – $1,815 and $4,827, respectively).The Company recognizes variable consideration related to estimated future product returns and price adjustments as a reduction of the transaction price at the time revenue for the corresponding product sale is recognized. Net revenue reflects actual returns and variable consideration related to estimated returns and price adjustments in the amount of $986 and $3,486 for the three and nine months ended December 31, 2024, respectively (three and nine months ended December 31, 2023 – $1,430 and $2,937, respectively). As of December 31, 2024, the liability for estimated returns and price adjustments was $2,727 (March 31, 2024 – $4,169).

28

25.  OTHER INCOME (EXPENSE), NETOther income (expense), net is disaggregated as follows:

        Three months ended

        Nine months ended

        December 31,

        December 31,

        December 31,

        December 31,

        2024

        2023

        2024

        2023

        Fair value changes on Canopy USA related assets1,2
         
        $
        (76,251
        )
         
        $
        (148,734
        )
         
        $
        (209,643
        )
         
        $
        (164,985
        )

        Fair value changes on other financial assets

        (50
        )

        2,062

        (2,915
        )

        1,125

        Fair value changes on debt

        -

        (5,400
        )

        -

        (30,614
        )

        Fair value changes on acquisition related contingent   consideration and other

        -

        8,629

        (33,472
        )

        19,146

        Gain (charges) related to settlement of debt

        -

        (571
        )

        22,439

        (13,