Canopy Growth Corp

For the period ended Sep 30, 2024. Filed Nov 8, 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.

Sep 30, 2024 · Filed Nov 8, 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

	Six months ended September 30,
	2024	2023
Cash flows from operating activities:
Net loss	$(255,431)	$(366,661)
Gain (loss) from discontinued operations, net of income tax	5,310	(207,930)
Net loss from continuing operations	(260,741)	(158,731)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment	10,628	16,568
Amortization of intangible assets	10,709	13,073
Share-based compensation	9,372	6,434
Loss (gain) on asset impairment and restructuring	18,768	(25,986)
Income tax expense	6,496	14,839
Non-cash fair value adjustments and charges related to settlement of long-term debt	147,290	44,438
Change in operating assets and liabilities, net of effects from purchases of businesses:
Amounts receivable	3,892	(12,903)
Inventory	(11,972)	(4,240)
Prepaid expenses and other assets	(5,643)	(250)
Accounts payable and accrued liabilities	(22,000)	(13,038)
Other, including non-cash foreign currency	(12,431)	(52,817)
Net cash used in operating activities - continuing operations	(105,632)	(172,613)
Net cash used in operating activities - discontinued operations	-	(54,709)
Net cash used in operating activities	(105,632)	(227,322)
Cash flows from investing activities:
Purchases of and deposits on property, plant and equipment	(6,509)	(2,636)
Purchases of intangible assets	(14)	(803)
Proceeds on sale of property, plant and equipment	4,932	152,417
Redemption of short-term investments	30,184	81,015
Net cash outflow on sale or deconsolidation of subsidiaries	(6,968)	-
Net cash inflow on loan receivable	28,303	831
Investment in other financial assets	(95,335)	(472)
Other investing activities	-	(10,513)
Net cash (used in) provided by investing activities - continuing operations	(45,407)	219,839
Net cash provided by (used in) investing activities - discontinued operations	13,414	(17,122)
Net cash (used in) provided by investing activities	(31,993)	202,717
Cash flows from financing activities:
Proceeds from issuance of common shares and warrants	138,476	33,795
Proceeds from exercise of stock options	112	-
Proceeds from exercise of warrants	8,454	-
Issuance of long-term debt and convertible debentures	68,255	-
Repayment of long-term debt	(13,484)	(415,185)
Other financing activities	(7,096)	(25,908)
Net cash provided by (used in) financing activities	194,717	(407,298)
Effect of exchange rate changes on cash and cash equivalents	1,024	(2,129)
Net increase (decrease) in cash and cash equivalents	58,116	(434,032)
Cash and cash equivalents, beginning of period1	170,300	677,007
Cash and cash equivalents, end of period2	$228,416	$242,975
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 $2,599 for September 30, 2024 and 2023, respectively.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six months ended September 30,
	2024	2023
Supplemental disclosure of cash flow information
Cash received during the period:
Income taxes	$77	$3,344
Interest	$4,540	$11,285
Cash paid during the period:
Income taxes	$258	$1,290
Interest	$36,014	$58,881
Noncash investing and financing activities
Additions to property, plant and equipment	$174	$199

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