Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 27

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 1
Chunk 27
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202,245

        $
        60,652

        $
        199,588

        $
        75,453

        Indefinite lived intangible assets

        Acquired brands

        $
        29,139

        $
        28,600

        Total intangible assets

        $
        89,791

        $
        104,053

      Amortization expense included in cost of goods sold for the three and nine months ended December 31, 2024 is $5 and $29, respectively (three and nine months ended December 31, 2023 – $13 and $41, respectively). Amortization expense included in selling, general and administrative expenses for the three and nine months ended December 31, 2024 is $5,367 and $16,052, respectively (three and nine months ended December 31, 2023 – $6,310 and $19,355, respectively).

19

15.  GOODWILLThe changes in the carrying amount of goodwill are as follows:

        Balance, March 31, 2023
         
        $
        85,563

        Impairment losses

        (42,081
        )

        Foreign currency translation adjustments

        (243
        )

        Balance, March 31, 2024
         
        $
        43,239

        Foreign currency translation adjustments

        854

        Balance, December 31, 2024
         
        $
        44,093

      The Company does not believe that an event occurred or circumstances changed during the nine months ended December 31, 2024 that would, more likely than not, reduce the fair value of the Storz & Bickel® (“Storz & Bickel”) reporting unit below its carrying value. Therefore, the Company concluded that the quantitative goodwill impairment assessment was not required for the Storz & Bickel reporting unit at December 31, 2024. The carrying value of goodwill associated with the Storz & Bickel reporting unit was $44,093 at December 31, 2024.The Company is required to perform its next annual goodwill impairment analysis on March 31, 2025, or earlier should there be an event that occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount.

16.  OTHER ACCRUED EXPENSES AND LIABILITIESThe components