Canopy Growth Corp
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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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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Condensed Interim Consolidated Statements of Operations and Comprehensive Loss
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF
OPERATIONS AND COMPREHENSIVE LOSS
(in thousands of Canadian dollars, except number of shares and per share data, unaudited)
| Three months ended December 31, | Nine months ended December 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $86,244 | $90,061 | $235,985 | $260,781 |
| Excise taxes | 11,483 | 11,556 | 32,021 | 36,423 |
| Net revenue | 74,761 | 78,505 | 203,964 | 224,358 |
| Cost of goods sold | 50,663 | 50,279 | 134,997 | 158,944 |
| Gross margin | 24,098 | 28,226 | 68,967 | 65,414 |
| Operating expenses | ||||
| Selling, general and administrative expenses | 41,476 | 54,436 | 131,174 | 174,810 |
| Share-based compensation | 5,159 | 3,693 | 14,531 | 10,127 |
| Loss on asset impairment and restructuring | 1,285 | 30,413 | 22,135 | 2,452 |
| Total operating expenses | 47,920 | 88,542 | 167,840 | 187,389 |
| Operating loss from continuing operations | (23,822) | (60,316) | (98,873) | (121,975) |
| Other income (expense), net | (97,758) | (171,037) | (276,952) | (253,270) |
| Loss from continuing operations before income taxes | (121,580) | (231,353) | (375,825) | (375,245) |
| Income tax (expense) recovery | (316) | 1,077 | (6,812) | (13,762) |
| Net loss from continuing operations | (121,896) | (230,276) | (382,637) | (389,007) |
| Discontinued operations, net of income tax | - | 13,479 | 5,310 | (194,451) |
| Net loss | (121,896) | (216,797) | (377,327) | (583,458) |
| Discontinued operations attributable to noncontrolling interests and redeemable noncontrolling interest | - | - | - | (18,526) |
| Net loss attributable to Canopy Growth Corporation | $(121,896) | $(216,797) | $(377,327) | $(564,932) |
| Basic and diluted loss per share | ||||
| Continuing operations | $(1.11) | $(2.78) | $(4.15) | $(5.56) |
| Discontinued operations | - | 0.16 | 0.06 | (2.52) |
| Basic and diluted loss per share | $(1.11) | $(2.62) | $(4.09) | $(8.08) |
| Basic and diluted weighted average common shares outstanding | 110,306,430 | 82,919,190 | 92,172,660 | 69,918,744 |
| Comprehensive income (loss): | ||||
| Net loss from continuing operations | $(121,896) | $(230,276) | $(382,637) | $(389,007) |
| Other comprehensive income (loss), net of income tax | ||||
| Fair value changes of own credit risk of financial liabilities | - | (1,354) | - | (13,824) |
| Foreign currency translation | (1,162) | 10,104 | 3,586 | 575 |
| Total other comprehensive income (loss), net of income tax | (1,162) | 8,750 | 3,586 | (13,249) |
| Comprehensive loss from continuing operations | (123,058) | (221,526) | (379,051) | (402,256) |
| Comprehensive income (loss) from discontinued operations | - | 13,479 | 5,310 | (194,451) |
| Comprehensive loss | (123,058) | (208,047) | (373,741) | (596,707) |
| Comprehensive loss from discontinued operations attributable to noncontrolling interests and redeemable noncontrolling interest | - | - | - | (18,526) |
| Comprehensive loss attributable to Canopy Growth Corporation | $(123,058) | $(208,047) | $(373,741) | $(578,181) |
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