Canopy Growth Corp

For the period ended Dec 31, 2024. Filed Feb 7, 2025.

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.

Dec 31, 2024 · Filed Feb 7, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Interim Consolidated Statements of Cash Flows

	Nine months ended December 31,
	2024	2023
Cash flows from operating activities:
Net loss	$(377,327)	$(583,458)
Gain (loss) from discontinued operations, net of income tax	5,310	(194,451)
Net loss from continuing operations	(382,637)	(389,007)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment	15,570	22,485
Amortization of intangible assets	16,081	19,396
Share-based compensation	14,531	10,127
Loss (gain) on asset impairment and restructuring	18,971	(816)
Income tax expense	6,812	13,762
Non-cash fair value adjustments and charges related to settlement of long-term debt	223,591	188,452
Change in operating assets and liabilities, net of effects from purchases of businesses:
Amounts receivable	(3,163)	(14,460)
Inventory	(12,924)	(8,047)
Prepaid expenses and other assets	(641)	(843)
Accounts payable and accrued liabilities	(17,000)	891
Other, including non-cash foreign currency	(11,789)	(47,901)
Net cash used in operating activities - continuing operations	(132,598)	(205,961)
Net cash used in operating activities - discontinued operations	-	(53,930)
Net cash used in operating activities	(132,598)	(259,891)
Cash flows from investing activities:
Purchases of and deposits on property, plant and equipment	(7,724)	(3,200)
Purchases of intangible assets	(409)	(716)
Proceeds on sale of property, plant and equipment	4,932	153,753
Redemption of short-term investments	16,950	68,294
Net cash outflow on sale or deconsolidation of subsidiaries	(6,968)	(3,719)
Net cash inflow on loan receivable	28,353	1,279
Investment in other financial assets	(95,335)	(472)
Other investing activities	-	(10,513)
Net cash (used in) provided by investing activities - continuing operations	(60,201)	204,706
Net cash provided by (used in) investing activities - discontinued operations	13,414	(2,600)
Net cash (used in) provided by investing activities	(46,787)	202,106
Cash flows from financing activities:
Proceeds from issuance of common shares and warrants	255,989	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	(148,249)	(480,080)
Other financing activities	(19,943)	(27,239)
Net cash provided by (used in) financing activities	164,618	(473,524)
Effect of exchange rate changes on cash and cash equivalents	6,376	(2,953)
Net decrease in cash and cash equivalents	(8,391)	(534,262)
Cash and cash equivalents, beginning of period1	170,300	677,007
Cash and cash equivalents, end of period2	$161,909	$142,745
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 $nil for December 31, 2024 and 2023, respectively.

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine months ended December 31,
	2024	2023
Supplemental disclosure of cash flow information
Cash received during the period:
Income taxes	$101	$4,002
Interest	$2,040	$14,230
Cash paid during the period:
Income taxes	$476	$1,551
Interest	$53,193	$80,108
Noncash investing and financing activities
Additions to property, plant and equipment	$339	$199

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