Canopy Growth Corp
For the period ended Mar 31, 2024. Filed May 30, 2024.
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FY2024 · Filed May 30, 2024
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Item 2. Properties
Risks from cybersecurity threats, have not materially affected and are not reasonably likely to materially impact our operations materially, including our business strategy, results of operations, or financial condition.
Item 2. Properties.
Our corporate headquarters is located in Smiths Falls, Ontario, Canada. Our primarily cultivation facilities are located in Ontario and British Columbia. Online, Canopy Growth CBD products are purchased by consumers on marthastrewartcbd.com which ship direct to consumers in all CBD permissible U.S. states. Outside Canada and the United States, in addition to our material properties described below, we maintain corporate office space for the European market in Sankt Leon-Rot, Germany. Further, the corporate offices and production facility of Storz & Bickel are located in Tuttlingen, Germany.
We believe that our facilities, taken as a whole, are in good condition and working order. Within our global cannabis and other consumer products segments, we believe we have adequate capacity to meet our current needs for the foreseeable future.
During the year ended March 31, 2024, we reorganized our operations and consolidated or wound down some of our properties. As of March 31, 2024, our material owned or leased properties consisted of the following:
| Facility Location | Type | Segment | Property Owned/Leased | Utilization (Full or Partial) |
|---|---|---|---|---|
| CANADA | ||||
| Smiths Falls, Ontario | Production / processing, Manufacturing, Distribution, R&D, Corporate Licensed for cultivation | Canada Cannabis | Owned, subject to mortgage in favor of Wilmington Trust, National Association, in connection with the Credit Facility | Full |
| Kincardine, Ontario | Cultivation | Canada Cannabis | Owned, subject to mortgage in favor of Wilmington Trust, National Association, in connection with the Credit Facility | Full |
| Kelowna, British Columbia | Cultivation | Canada Cannabis | Owned | Full |
| EUROPE | ||||
| Tuttlingen, Germany | Manufacturing (Storz & Bickel) | Storz & Bickel | Owned | Full |
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