Canopy Growth Corp 2025年季度报告

FORM 10-Q (Mark One)☐QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromtoCommission File Number: 001-38496 Canopy Growth Corporation(Exact name of registrant as specified in its charter) Canada(State or other jurisdiction ofincorporation or organization)1 Hershey DriveSmiths Falls, Ontario(Address of principal executive offices) Registrant’s telephone number, including area code: (855) 558-9333 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☐ As of February 6, 2025, there were 147,120,088 common shares of the registrant outstanding and 26,261,474 non-voting andnon-participating exchangeable shares of the registrant outstanding which are convertible at any time, at the option of theholder, into common shares of the registrant on a one for one basis. Table of Contents PART I.FINANCIAL INFORMATIONItem 1.Financial Statements 1Condensed Interim Consolidated Balance Sheets1Condensed Interim Consolidated Statements of Operations and Comprehensive Loss2Condensed Interim Consolidated Statements of Shareholders’ Equity3Condensed Interim Consolidated Statements of Cash Flows5Notes to the Condensed Interim Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32Item 3.Quantitative and Qualitative Disclosures About Market Risk60Item 4.Controls and Procedures62PART II.OTHER INFORMATIONItem 1.Legal Proceedings63Item 1A.Risk Factors64Item 2.Unregistered Sales of Equity Securities and Use of Proceeds65Item 3.Defaults Upon Senior Securities65Item 4.Mine Safety Disclosures65Item 5.Other Information65Item 6.Exhibits65Signatures67 Unless otherwise noted or the context indicates otherwise, references in this Quarterly Report on Form 10-Q(“Quarterly Report”) to the “Company,” “Canopy Growth,” “we,” “us” and “our” refer to Canopy GrowthCorporation and its direct and indirect wholly-owned subsidiaries and investments accounted for by the equitymethod;the term “cannabis” means the plant of any species or subspecies of genusCannabisand any part of thatplant, including all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts ofisomers;and the term“hemp” has the meaning given to such term in the U.S. Agricultural Improvement Act of 2018, including hemp-derived cannabidiol (“CBD”). This Quarterly Report contains references to our trademarks and trade names and to trademarks and trade namesbelonging to other entities. Solely for convenience, trademarks and trade names referred to in this QuarterlyReport may appear without the ® or ™ symbols, but such references are not intended to indicate, in any way, thattheir respective owners will not assert, to the fullest extent under applicable law, their rights thereto. We do not intend our use or display of other companies’ trademarks or trade names to imply a relationship with, orendorsement or sponsorship of us or our business by, any other companies. All currency amounts in this Quarterly Report are stated in Canadian dollars, which is our reporting currency,unless otherwise noted. All references to “dollars” or “CDN$” are to Canadian dollars and all references to“US$” are to U.S. dollars. PART I—FINANCIAL INFORMATION CANOPY GROWTH CORPORATIONCONDENSED INTERIM CONSOLIDATED BALANCE SHEETS(in thousands of Canadian dollars, except number of shares and per share data, unaudited)