Canopy Growth Files 2024 10-K: Financials and Strategy
Ticker: CGC · Form: 10-K · Filed: 2024-05-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, cannabis, financials
Related Tickers: CGC
TL;DR
Canopy Growth's 2024 10-K is in. Get the full financial picture and future plans.
AI Summary
Canopy Growth Corp. filed its 10-K for the fiscal year ending March 31, 2024, reporting significant financial activities and operational updates. The company's filing details its financial position, including assets and liabilities, and outlines its business strategy moving forward. Specific financial figures and operational details are provided within the comprehensive report.
Why It Matters
This filing provides investors and stakeholders with a detailed look into Canopy Growth's financial health and strategic direction for the past fiscal year, crucial for understanding the company's performance and future prospects in the cannabis industry.
Risk Assessment
Risk Level: medium — The company operates in a highly regulated and evolving industry, facing market volatility and competitive pressures.
Key Numbers
- N/A — Revenue (Specific revenue figures are not provided in the excerpt.)
- N/A — Net Income/Loss (Specific net income or loss figures are not provided in the excerpt.)
- N/A — Total Assets (Specific total asset figures are not provided in the excerpt.)
Key Players & Entities
- Canopy Growth Corp. (company) — Filer of the 10-K report
- 20240331 (date) — Fiscal year end date
- 20240530 (date) — Filing date
- 001-38496 (dollar_amount) — SEC File Number
FAQ
What is Canopy Growth's primary business segment?
Canopy Growth Corp. is primarily involved in the medicinal chemicals and botanical products industry, as indicated by its SIC code [2833].
When did Canopy Growth's fiscal year end for this filing?
The fiscal year end for this 10-K filing was March 31, 2024.
What is the SEC file number for Canopy Growth?
The SEC file number for Canopy Growth is 001-38496.
Where is Canopy Growth headquartered?
Canopy Growth Corp. is headquartered in Smiths Falls, Ontario, Canada, with a business address at 1 Hershey Drive, Smiths Falls, ON K7A 0A8.
What is the filing date of this 10-K?
This 10-K filing was made on May 30, 2024.
From the Filing
0000950170-24-066240.txt : 20240530 0000950170-24-066240.hdr.sgml : 20240530 20240530064619 ACCESSION NUMBER: 0000950170-24-066240 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 227 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240530 DATE AS OF CHANGE: 20240530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Canopy Growth Corp CENTRAL INDEX KEY: 0001737927 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38496 FILM NUMBER: 241000659 BUSINESS ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 BUSINESS PHONE: 855-558-9333 MAIL ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 10-K 1 cgc-20240331.htm 10-K 10-K false 0001737927 FY 00-0000000 2025-09-30 2029-05-31 0.1 http://fasb.org/us-gaap/2023#UsefulLifeTermOfLeaseMember http://www.canopygrowth.com/20240331#ComprehensiveIncomeLossNetOfTaxFromDiscontinuedOperationsIncludingPortionAttributableToNoncontrollingInterest http://www.canopygrowth.com/20240331#ComprehensiveIncomeLossNetOfTaxFromDiscontinuedOperationsIncludingPortionAttributableToNoncontrollingInterest http://www.canopygrowth.com/20240331#ComprehensiveIncomeLossNetOfTaxFromDiscontinuedOperationsIncludingPortionAttributableToNoncontrollingInterest http://fasb.org/us-gaap/2023#GainLossOnSalesOfAssetsAndAssetImpairmentCharges http://fasb.org/us-gaap/2023#GainLossOnSalesOfAssetsAndAssetImpairmentCharges http://fasb.org/us-gaap/2023#GainLossOnSalesOfAssetsAndAssetImpairmentCharges http://fasb.org/us-gaap/2023#DerivativeLiabilitiesNoncurrent Probability weighted expected return model Probability-weighted expected return model http://www.canopygrowth.com/20240331#OtherFinancialAssets http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilities 0001737927 us-gaap:GoodwillMember cgc:ThisWorkMember us-gaap:OperatingExpenseMember 2022-07-01 2022-09-30 0001737927 us-gaap:WarrantMember us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001737927 cgc:AcquisitionMilestonesMember 2023-04-01 2024-03-31 0001737927 cgc:ReorganizationAmendmentsMember us-gaap:CommonClassBMember srt:MinimumMember 2023-05-19 2023-05-19 0001737927 cgc:AcreageHoldingsIncMember us-gaap:CommonStockMember 2022-10-24 0001737927 us-gaap:GoodwillMember us-gaap:OperatingExpenseMember 2021-04-01 2022-03-31 0001737927 cgc:CreditFacilityMember cgc:SecondQuarterTwoThousandAndTwentyFourPaydownsMember 2023-07-01 2023-09-30 0001737927 cgc:FourPointTwoFivePercentSeniorNotesMember us-gaap:CommonStockMember 2022-07-31 0001737927 cgc:StorzBickelReportingUnitMember cgc:DiscountRateIncreasedBy50BasisPointsMember 2022-04-01 2023-03-31 0001737927 cgc:OtherNoncontrollingInterestMember 2023-03-31 0001737927 cgc:OmnibusEquityIncentivePlanMember 2023-03-31 0001737927 cgc:CanadianCannabisNetRevenueMember 2023-04-01 2024-03-31 0001737927 us-gaap:RevolvingCreditFacilityMember 2024-03-31 0001737927 cgc:CbiExchangeAgreementMember us-gaap:SubsequentEventMember 2024-04-18 2024-04-18 0001737927 cgc:CanadaCannabisMember 2021-04-01 2022-03-31 0001737927 cgc:CanadianMedicalCannabisNetRevenueMember 2023-04-01 2024-03-31 0001737927 us-gaap:OverAllotmentOptionMember 2023-11-02 0001737927 sr