Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 42

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 1
Chunk 42
---
124
        )

        Interest income

        1,941

        2,548

        6,415

        13,833

        Interest expense

        (16,766
        )

        (24,623
        )

        (59,187
        )

        (84,223
        )

        Foreign currency gain (loss)

        723

        (4,069
        )

        1,430

        529

        Other income (expense), net

        (7,355
        )

        (879
        )

        (2,019
        )

        5,043

        $
        (97,758
        )
         
        $
        (171,037
        )
         
        $
        (276,952
        )
         
        $
        (253,270
        )
       
      1 Included in fair value changes on Canopy USA assets are fair value changes on other financial assets of $64,143 and $20,389 for the three and nine months ended December 31, 2024, respectively ($(148,734) and $(164,985) for the three and nine months ended December 31, 2023, respectively).2 Included in fair value changes on Canopy USA assets are fair value changes on equity method investments of $(140,394) and $(230,032) for the three and nine months ended December 31, 2024, respectively ($nil and $nil for the three and nine months ended December 31, 2023, respectively).

26.  INCOME TAXESThere have been no material changes to income tax matters in connection with normal course operations during the nine months ended December 31, 2024.The Company is subject to income tax in numerous jurisdictions with varying income tax rates. During the most recent period ended and the fiscal year to date, there were no material changes to the statutory income tax rates in the taxing jurisdictions where the majority of the Company’s income for tax purposes was earned, or where its temporary differences or losses are expected to be realized or settled. Although statutory income tax rates remain stable, the Company’s effective income tax rate may fluctuate, arising as a result of the Company’s evolving footprint, discrete transactions and other factors that, to the extent material, are disclosed in these financial statements.The Company continues to believe that the amount of unrealized tax benefits appropriately reflects the uncertainty of items that are or may in the future be under discussion, audit,