Canopy Growth Corp

For the period ended Jun 30, 2024. Filed Aug 9, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 9, 2024

CGC$0.59-4.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Interim Consolidated Statements of Cash Flows

	Three months ended June 30,
	2024	2023
Cash flows from operating activities:
Net loss	$(127,138)	$(41,861)
Gain (loss) from discontinued operations, net of income tax	2,053	(31,292)
Net loss from continuing operations	(129,191)	(10,569)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment	5,682	10,689
Amortization of intangible assets	5,348	6,422
Share-based compensation	4,151	3,717
Loss on asset impairment and restructuring	86	10,582
Income tax expense	6,194	2,018
Non-cash fair value adjustments and charges related to settlement of long-term debt	79,793	(68,455)
Change in operating assets and liabilities, net of effects from purchases of businesses:
Amounts receivable	668	(20,410)
Inventory	(7,008)	2,237
Prepaid expenses and other assets	(185)	404
Accounts payable and accrued liabilities	(5,911)	(18,015)
Other, including non-cash foreign currency	(11,407)	(24,839)
Net cash used in operating activities - continuing operations	(51,780)	(106,219)
Net cash used in operating activities - discontinued operations	-	(42,452)
Net cash used in operating activities	(51,780)	(148,671)
Cash flows from investing activities:
Purchases of and deposits on property, plant and equipment	(3,920)	(1,946)
Purchases of intangible assets	(14)	(304)
Proceeds on sale of property, plant and equipment	4,926	83,143
Redemption of short-term investments	30,022	72,153
Net cash outflow on sale or deconsolidation of subsidiaries	(6,968)	-
Net cash inflow on loan receivable	28,103	367
Investment in other financial assets	(95,335)	(472)
Other investing activities	-	(10,556)
Net cash (used in) provided by investing activities - continuing operations	(43,186)	142,385
Net cash provided by investing activities - discontinued operations	10,157	189
Net cash (used in) provided by investing activities	(33,029)	142,574
Cash flows from financing activities:
Proceeds from issuance of common shares and warrants	53,854	-
Issuance of long-term debt and convertible debentures	68,255	-
Repayment of long-term debt	(11,836)	(118,277)
Other financing activities	(4,498)	(14,833)
Net cash provided by (used in) financing activities	105,775	(133,110)
Effect of exchange rate changes on cash and cash equivalents	890	(4,534)
Net increase (decrease) in cash and cash equivalents	21,856	(143,741)
Cash and cash equivalents, beginning of period1	170,300	677,007
Cash and cash equivalents, end of period2	$192,156	$533,266
1 Includes cash of our discontinued operations of $nil and $9,314 for March 31, 2024 and 2023, respectively.
2 Includes cash of our discontinued operations of $nil and $9,816 for June 30, 2024 and 2023, respectively.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three months ended June 30,
2024 · 2023
Supplemental disclosure of cash flow information
Cash received during the period:
Income taxes · $ · - · $ · -
Interest		$2,091	$7,831
Cash paid during the period:
Income taxes	$	-	$245
Interest		$18,199	$30,410
Noncash investing and financing activities
Additions to property, plant and equipment		$217	$635

ContentsView on SEC.gov

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