$CGC

Canopy Growth Corp

CIK:0001737927|SEC Filings

Condensed Interim Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 100,364	$ 88,748
Excise taxes	19,199	16,614
Net revenue	81,165	72,134
Cost of goods sold	58,927	54,096
Gross margin	22,238	18,038
Operating expenses
Selling, general and administrative expenses	40,223	38,108
Share-based compensation	1,359	(99)
Loss on asset impairment and restructuring	2,766	2,653
Total operating expenses	44,348	40,662
Operating loss	(22,110)	(22,624)
Other income (expense), net	7,402	(21,946)
Loss before income taxes	(14,708)	(44,570)
Income tax recovery (expense)	129	(291)
Net loss	$ (14,579)	$ (44,861)
Basic and diluted loss per share
Basic loss per share	$ (0.03)	$ (0.24)
Diluted loss per share	$ (0.03)	$ (0.24)
Basic weighted average common shares outstanding	422,264,025	188,321,555
Diluted weighted average common shares outstanding	422,264,025	188,321,555
Other comprehensive income (loss), net of income tax
Foreign currency translation	$ 4,830	$ 6,713
Total other comprehensive income (loss), net of income tax	4,830	6,713
Comprehensive loss	$ (9,749)	$ (38,148)

Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (14,579)	$ (44,861)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment	5,351	4,753
Amortization of intangible assets	4,683	4,917
Share-based compensation	1,359	(99)
Loss on asset impairment and restructuring	167	109
Income tax (recovery) expense	(129)	291
Non-cash fair value adjustments and charges related to settlement of long-term debt	(16,867)	13,383
Change in operating assets and liabilities, net of effects from purchases of businesses:
Amounts receivable	(6,130)	2,915
Inventory	3,454	2,838
Prepaid expenses and other assets	(1,541)	(2,668)
Accounts payable and accrued liabilities	(2,417)	5,184
Other, including non-cash foreign currency	1,638	2,901
Net cash used in operating activities	(25,011)	(10,337)
Cash flows from investing activities:
Purchases of and deposits on property, plant and equipment	(737)	(1,306)
Purchases of intangible assets	0	(183)
Proceeds on sale of property, plant and equipment	0	5
Redemption of short-term investments	0	779
Net cash used in investing activities	(737)	(705)
Cash flows from financing activities:
Proceeds from issuance of common shares and warrants	0	38,261
Payment of debt issue costs	(647)	0
Repayment of long-term debt	0	(916)
Other financing activities	(6,821)	(11,885)
Net cash (used) provided by financing activities	(7,468)	25,460
Effect of exchange rate changes on cash and cash equivalents	5,158	(2,027)
Net (decrease) increase in cash and cash equivalents	(28,058)	12,391
Cash and cash equivalents, beginning of period	364,683	113,811
Cash and cash equivalents, end of period	336,625	126,202
Cash received during the period:
Income taxes	0	0
Interest	3,234	1,090
Cash paid during the period:
Income taxes	1,954	365
Interest	8,623	5,958
Noncash investing and financing activities
Additions to property, plant and equipment	$ 52	$ 0

Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets:
Cash and cash equivalents	$ 336,625	$ 364,683
Restricted short-term investments	5,058	5,046
Amounts receivable, net	42,588	36,289
Inventory	107,456	110,513
Prepaid expenses and other assets	14,634	12,935
Total current assets	506,361	529,466
Other investments	125,468	108,010
Property, plant and equipment	311,203	316,494
Intangible assets	88,476	92,411
Goodwill	55,685	55,685
Other assets	16,725	16,666
Total assets	1,103,918	1,118,732
Current liabilities:
Accounts payable	28,606	34,817
Other accrued expenses and liabilities	47,119	42,999
Current portion of long-term debt	28,824	16,237
Warrant derivative liability	26,863	27,522
Other liabilities	35,341	36,868
Total current liabilities	166,753	158,443
Long-term debt	211,379	217,123
Deferred income tax liabilities	7,915	8,199
Other liabilities	29,238	37,373
Total liabilities	415,285	421,138
Commitments and contingencies
Canopy Growth Corporation shareholders' equity:
Common shares - $nil par value; Authorized - unlimited; Issued and outstanding - 423,021,942 shares and 422,068,225 shares, respectively. Exchangeable shares - $nil par value; Authorized - unlimited; Issued and outstanding - 26,261,474 shares and 26,261,474 shares, respectively.	9,235,469	9,233,577
Additional paid-in capital	2,590,610	2,591,714
Accumulated other comprehensive income	15,360	10,530
Deficit	(11,152,806)	(11,138,227)
Total shareholders' equity	688,633	697,594
Total liabilities and shareholders' equity	$ 1,103,918	$ 1,118,732