| Restatement of Previously Issued Unaudited Interim Condensed Consolidated Financial Statements (Unaudited) |
35. RESTATEMENT OF PREVIOUSLY ISSUED UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) The following tables include corrections to the prior period results, and present the effect of the Restatement Items described in Note 2, “Basis of Presentation - Restatement of Previously Issued Consolidated Financial Statements” on the Company’s unaudited interim condensed consolidated balance sheets for the periods indicated (in thousands, except number of shares and per share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability1 |
|
$ |
- |
|
|
$ |
20,659 |
|
|
$ |
20,659 |
|
Total current liabilities |
|
|
196,252 |
|
|
|
20,659 |
|
|
|
216,911 |
|
Total liabilities |
|
|
918,760 |
|
|
|
20,659 |
|
|
|
939,419 |
|
Share capital |
|
|
8,219,846 |
|
|
|
(10,476 |
) |
|
|
8,209,370 |
|
Additional paid-in capital |
|
|
2,575,174 |
|
|
|
(18,797 |
) |
|
|
2,556,377 |
|
Deficit |
|
|
(10,020,896 |
) |
|
|
8,614 |
|
|
|
(10,012,282 |
) |
Total Canopy Growth Corporation shareholders’ equity |
|
|
749,325 |
|
|
|
(20,659 |
) |
|
|
728,666 |
|
Total shareholders’ equity |
|
|
749,464 |
|
|
|
(20,659 |
) |
|
|
728,805 |
|
Total liabilities and shareholders’ equity |
|
|
1,668,224 |
|
|
|
- |
|
|
|
1,668,224 |
|
1 Included in this balance is the overallotment derivative liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
9,526 |
|
|
$ |
9,526 |
|
Total current liabilities |
|
|
221,345 |
|
|
|
9,526 |
|
|
|
230,871 |
|
Total liabilities |
|
|
815,088 |
|
|
|
9,526 |
|
|
|
824,614 |
|
Share capital |
|
|
8,219,747 |
|
|
|
(10,476 |
) |
|
|
8,209,271 |
|
Additional paid-in capital |
|
|
2,578,519 |
|
|
|
(18,797 |
) |
|
|
2,559,722 |
|
Deficit |
|
|
(10,237,693 |
) |
|
|
19,747 |
|
|
|
(10,217,946 |
) |
Total Canopy Growth Corporation shareholders’ equity |
|
|
544,524 |
|
|
|
(9,526 |
) |
|
|
534,998 |
|
Total shareholders’ equity |
|
|
544,663 |
|
|
|
(9,526 |
) |
|
|
535,137 |
|
Total liabilities and shareholders’ equity |
|
|
1,359,751 |
|
|
|
- |
|
|
|
1,359,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
65,803 |
|
|
$ |
65,803 |
|
Total current liabilities |
|
|
166,599 |
|
|
|
65,803 |
|
|
|
232,402 |
|
Total liabilities |
|
|
753,305 |
|
|
|
65,803 |
|
|
|
819,108 |
|
Share capital |
|
|
8,393,936 |
|
|
|
(14,805 |
) |
|
|
8,379,131 |
|
Additional paid-in capital |
|
|
2,617,703 |
|
|
|
(35,849 |
) |
|
|
2,581,854 |
|
Deficit |
|
|
(10,457,168 |
) |
|
|
(15,149 |
) |
|
|
(10,472,317 |
) |
Total Canopy Growth Corporation shareholders’ equity |
|
|
532,923 |
|
|
|
(65,803 |
) |
|
|
467,120 |
|
Total shareholders’ equity |
|
|
532,923 |
|
|
|
(65,803 |
) |
|
|
467,120 |
|
Total liabilities and shareholders’ equity |
|
|
1,286,228 |
|
|
|
- |
|
|
|
1,286,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
45,353 |
|
|
$ |
45,353 |
|
Total current liabilities |
|
|
281,284 |
|
|
|
45,353 |
|
|
|
326,637 |
|
Total liabilities |
|
|
722,680 |
|
|
|
45,353 |
|
|
|
768,033 |
|
Share capital |
|
|
8,490,670 |
|
|
|
(14,001 |
) |
|
|
8,476,669 |
|
Additional paid-in capital |
|
|
2,620,491 |
|
|
|
(35,533 |
) |
|
|
2,584,958 |
|
Deficit |
|
|
(10,585,461 |
) |
|
|
4,181 |
|
|
|
(10,581,280 |
) |
Total Canopy Growth Corporation shareholders’ equity |
|
|
509,668 |
|
|
|
(45,353 |
) |
|
|
464,315 |
|
Total shareholders’ equity |
|
|
509,668 |
|
|
|
(45,353 |
) |
|
|
464,315 |
|
Total liabilities and shareholders’ equity |
|
|
1,232,348 |
|
|
|
- |
|
|
|
1,232,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
33,479 |
|
|
$ |
33,479 |
|
Total current liabilities |
|
|
97,016 |
|
|
|
33,479 |
|
|
|
130,495 |
|
Total liabilities |
|
|
572,744 |
|
|
|
33,479 |
|
|
|
606,223 |
|
Share capital |
|
|
8,670,494 |
|
|
|
(14,001 |
) |
|
|
8,656,493 |
|
Additional paid-in capital |
|
|
2,637,337 |
|
|
|
(47,472 |
) |
|
|
2,589,865 |
|
Deficit |
|
|
(10,707,357 |
) |
|
|
27,994 |
|
|
|
(10,679,363 |
) |
Total Canopy Growth Corporation shareholders’ equity |
|
|
591,475 |
|
|
|
(33,479 |
) |
|
|
557,996 |
|
Total shareholders’ equity |
|
|
591,475 |
|
|
|
(33,479 |
) |
|
|
557,996 |
|
Total liabilities and shareholders’ equity |
|
|
1,164,219 |
|
|
|
- |
|
|
|
1,164,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
11,981 |
|
|
$ |
11,981 |
|
Total current liabilities |
|
|
98,669 |
|
|
|
11,981 |
|
|
|
110,650 |
|
Total liabilities |
|
|
415,695 |
|
|
|
11,981 |
|
|
|
427,676 |
|
Share capital |
|
|
8,836,531 |
|
|
|
(14,001 |
) |
|
|
8,822,530 |
|
Additional paid-in capital |
|
|
2,614,869 |
|
|
|
(47,472 |
) |
|
|
2,567,397 |
|
Deficit |
|
|
(10,969,672 |
) |
|
|
49,492 |
|
|
|
(10,920,180 |
) |
Total shareholders’ equity |
|
|
488,976 |
|
|
|
(11,981 |
) |
|
|
476,995 |
|
Total liabilities and shareholders’ equity |
|
|
904,671 |
|
|
|
- |
|
|
|
904,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
15,320 |
|
|
$ |
15,320 |
|
Total current liabilities |
|
|
81,104 |
|
|
|
15,320 |
|
|
|
96,424 |
|
Total liabilities |
|
|
333,825 |
|
|
|
15,320 |
|
|
|
349,145 |
|
Share capital |
|
|
9,078,337 |
|
|
|
(14,001 |
) |
|
|
9,064,336 |
|
Additional paid-in capital |
|
|
2,614,968 |
|
|
|
(47,472 |
) |
|
|
2,567,496 |
|
Deficit |
|
|
(10,971,311 |
) |
|
|
46,153 |
|
|
|
(10,925,158 |
) |
Total shareholders’ equity |
|
|
736,013 |
|
|
|
(15,320 |
) |
|
|
720,693 |
|
Total liabilities and shareholders’ equity |
|
|
1,069,838 |
|
|
|
- |
|
|
|
1,069,838 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Warrant derivative liability |
|
$ |
- |
|
|
$ |
11,038 |
|
|
$ |
11,038 |
|
Total current liabilities |
|
|
98,294 |
|
|
|
11,038 |
|
|
|
109,332 |
|
Total liabilities |
|
|
348,019 |
|
|
|
11,038 |
|
|
|
359,057 |
|
Share capital |
|
|
9,169,947 |
|
|
|
(14,001 |
) |
|
|
9,155,946 |
|
Additional paid-in capital |
|
|
2,615,588 |
|
|
|
(47,472 |
) |
|
|
2,568,116 |
|
Deficit |
|
|
(11,033,938 |
) |
|
|
50,435 |
|
|
|
(10,983,503 |
) |
Total shareholders’ equity |
|
|
758,173 |
|
|
|
(11,038 |
) |
|
|
747,135 |
|
Total liabilities and shareholders’ equity |
|
|
1,106,192 |
|
|
|
- |
|
|
|
1,106,192 |
|
The following tables present the effect of the Restatement Items on the Company’s unaudited interim condensed consolidated
statements of operations and comprehensive income (loss) for the periods indicated (in thousands, except number of shares and per
share data):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
69,595 |
|
|
$ |
- |
|
|
$ |
69,595 |
|
Gross margin |
|
|
23,426 |
|
|
|
- |
|
|
|
23,426 |
|
Operating loss from continuing operations |
|
|
(7,007 |
) |
|
|
- |
|
|
|
(7,007 |
) |
Other income (expense), net |
|
|
(128,334 |
) |
|
|
8,614 |
|
|
|
(119,720 |
) |
Loss from continuing operations before income taxes |
|
|
(135,341 |
) |
|
|
8,614 |
|
|
|
(126,727 |
) |
Net loss from continuing operations |
|
|
(148,162 |
) |
|
|
8,614 |
|
|
|
(139,548 |
) |
Net loss |
|
|
(324,800 |
) |
|
|
8,614 |
|
|
|
(316,186 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(310,014 |
) |
|
|
8,614 |
|
|
|
(301,400 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations1 |
|
$ |
(2.07 |
) |
|
$ |
0.12 |
|
|
$ |
(1.95 |
) |
Basic and diluted loss per share1 |
|
$ |
(4.33 |
) |
|
$ |
0.12 |
|
|
$ |
(4.21 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(148,162 |
) |
|
|
8,614 |
|
|
|
(139,548 |
) |
Comprehensive loss from continuing operations |
|
|
(177,179 |
) |
|
|
8,614 |
|
|
|
(168,565 |
) |
Comprehensive loss |
|
|
(353,817 |
) |
|
|
8,614 |
|
|
|
(345,203 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(339,031 |
) |
|
|
8,614 |
|
|
|
(330,417 |
) |
1 Amount has been adjusted to reflect the December 13, 2023 Share Consolidation where one post-consolidation common share was exchanged for every 10 pre-consolidation common shares. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
145,853 |
|
|
$ |
- |
|
|
$ |
145,853 |
|
Gross margin |
|
|
37,188 |
|
|
|
- |
|
|
|
37,188 |
|
Operating loss from continuing operations |
|
|
(61,659 |
) |
|
|
- |
|
|
|
(61,659 |
) |
Other income (expense), net |
|
|
(82,233 |
) |
|
|
8,614 |
|
|
|
(73,619 |
) |
Loss from continuing operations before income taxes |
|
|
(143,892 |
) |
|
|
8,614 |
|
|
|
(135,278 |
) |
Net loss from continuing operations |
|
|
(158,731 |
) |
|
|
8,614 |
|
|
|
(150,117 |
) |
Net loss |
|
|
(366,661 |
) |
|
|
8,614 |
|
|
|
(358,047 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(348,135 |
) |
|
|
8,614 |
|
|
|
(339,521 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations1 |
|
$ |
(2.50 |
) |
|
$ |
0.14 |
|
|
$ |
(2.36 |
) |
Basic and diluted loss per share1 |
|
$ |
(5.49 |
) |
|
$ |
0.14 |
|
|
$ |
(5.35 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(158,731 |
) |
|
|
8,614 |
|
|
|
(150,117 |
) |
Comprehensive loss from continuing operations |
|
|
(180,730 |
) |
|
|
8,614 |
|
|
|
(172,116 |
) |
Comprehensive loss |
|
|
(388,660 |
) |
|
|
8,614 |
|
|
|
(380,046 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(370,134 |
) |
|
|
8,614 |
|
|
|
(361,520 |
) |
1 Amount has been adjusted to reflect the December 13, 2023 Share Consolidation where one post-consolidation common share was exchanged for every 10 pre-consolidation common shares. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
78,505 |
|
|
$ |
- |
|
|
$ |
78,505 |
|
Gross margin |
|
|
28,226 |
|
|
|
- |
|
|
|
28,226 |
|
Operating loss from continuing operations |
|
|
(60,316 |
) |
|
|
- |
|
|
|
(60,316 |
) |
Other income (expense), net |
|
|
(171,037 |
) |
|
|
11,133 |
|
|
|
(159,904 |
) |
Loss from continuing operations before income taxes |
|
|
(231,353 |
) |
|
|
11,133 |
|
|
|
(220,220 |
) |
Net loss from continuing operations |
|
|
(230,276 |
) |
|
|
11,133 |
|
|
|
(219,143 |
) |
Net loss |
|
|
(216,797 |
) |
|
|
11,133 |
|
|
|
(205,664 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(216,797 |
) |
|
|
11,133 |
|
|
|
(205,664 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(2.78 |
) |
|
$ |
0.13 |
|
|
$ |
(2.65 |
) |
Basic and diluted loss per share |
|
$ |
(2.62 |
) |
|
$ |
0.13 |
|
|
$ |
(2.49 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(230,276 |
) |
|
|
11,133 |
|
|
|
(219,143 |
) |
Comprehensive loss from continuing operations |
|
|
(221,526 |
) |
|
|
11,133 |
|
|
|
(210,393 |
) |
Comprehensive loss |
|
|
(208,047 |
) |
|
|
11,133 |
|
|
|
(196,914 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(208,047 |
) |
|
|
11,133 |
|
|
|
(196,914 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
224,358 |
|
|
$ |
- |
|
|
$ |
224,358 |
|
Gross margin |
|
|
65,414 |
|
|
|
- |
|
|
|
65,414 |
|
Operating loss from continuing operations |
|
|
(121,975 |
) |
|
|
- |
|
|
|
(121,975 |
) |
Other income (expense), net |
|
|
(253,270 |
) |
|
|
19,747 |
|
|
|
(233,523 |
) |
Loss from continuing operations before income taxes |
|
|
(375,245 |
) |
|
|
19,747 |
|
|
|
(355,498 |
) |
Net loss from continuing operations |
|
|
(389,007 |
) |
|
|
19,747 |
|
|
|
(369,260 |
) |
Net loss |
|
|
(583,458 |
) |
|
|
19,747 |
|
|
|
(563,711 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(564,932 |
) |
|
|
19,747 |
|
|
|
(545,185 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(5.56 |
) |
|
$ |
0.28 |
|
|
$ |
(5.28 |
) |
Basic and diluted loss per share |
|
$ |
(8.08 |
) |
|
$ |
0.28 |
|
|
$ |
(7.80 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(389,007 |
) |
|
|
19,747 |
|
|
|
(369,260 |
) |
Comprehensive loss from continuing operations |
|
|
(402,256 |
) |
|
|
19,747 |
|
|
|
(382,509 |
) |
Comprehensive loss |
|
|
(596,707 |
) |
|
|
19,747 |
|
|
|
(576,960 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(578,181 |
) |
|
|
19,747 |
|
|
|
(558,434 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
66,212 |
|
|
$ |
- |
|
|
$ |
66,212 |
|
Gross margin |
|
|
23,031 |
|
|
|
- |
|
|
|
23,031 |
|
Operating loss from continuing operations |
|
|
(29,108 |
) |
|
|
- |
|
|
|
(29,108 |
) |
Other income (expense), net |
|
|
(93,889 |
) |
|
|
21,263 |
|
|
|
(72,626 |
) |
Loss from continuing operations before income taxes |
|
|
(122,997 |
) |
|
|
21,263 |
|
|
|
(101,734 |
) |
Net loss from continuing operations |
|
|
(129,191 |
) |
|
|
21,263 |
|
|
|
(107,928 |
) |
Net loss |
|
|
(127,138 |
) |
|
|
21,263 |
|
|
|
(105,875 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(127,138 |
) |
|
|
21,263 |
|
|
|
(105,875 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(1.63 |
) |
|
$ |
0.27 |
|
|
$ |
(1.36 |
) |
Basic and diluted loss per share |
|
$ |
(1.60 |
) |
|
$ |
0.27 |
|
|
$ |
(1.33 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(129,191 |
) |
|
|
21,263 |
|
|
|
(107,928 |
) |
Comprehensive loss from continuing operations |
|
|
(129,959 |
) |
|
|
21,263 |
|
|
|
(108,696 |
) |
Comprehensive loss |
|
|
(127,906 |
) |
|
|
21,263 |
|
|
|
(106,643 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(127,906 |
) |
|
|
21,263 |
|
|
|
(106,643 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
62,991 |
|
|
$ |
- |
|
|
$ |
62,991 |
|
Gross margin |
|
|
21,838 |
|
|
|
- |
|
|
|
21,838 |
|
Operating loss from continuing operations |
|
|
(45,943 |
) |
|
|
- |
|
|
|
(45,943 |
) |
Other income (expense), net |
|
|
(85,305 |
) |
|
|
19,330 |
|
|
|
(65,975 |
) |
Loss from continuing operations before income taxes |
|
|
(131,248 |
) |
|
|
19,330 |
|
|
|
(111,918 |
) |
Net loss from continuing operations |
|
|
(131,550 |
) |
|
|
19,330 |
|
|
|
(112,220 |
) |
Net loss |
|
|
(128,293 |
) |
|
|
19,330 |
|
|
|
(108,963 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(128,293 |
) |
|
|
19,330 |
|
|
|
(108,963 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(1.52 |
) |
|
$ |
0.22 |
|
|
$ |
(1.30 |
) |
Basic and diluted loss per share |
|
$ |
(1.48 |
) |
|
$ |
0.22 |
|
|
$ |
(1.26 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(131,550 |
) |
|
|
19,330 |
|
|
|
(112,220 |
) |
Comprehensive loss from continuing operations |
|
|
(126,034 |
) |
|
|
19,330 |
|
|
|
(106,704 |
) |
Comprehensive loss |
|
|
(122,777 |
) |
|
|
19,330 |
|
|
|
(103,447 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(122,777 |
) |
|
|
19,330 |
|
|
|
(103,447 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
129,203 |
|
|
$ |
- |
|
|
$ |
129,203 |
|
Gross margin |
|
|
44,869 |
|
|
|
- |
|
|
|
44,869 |
|
Operating loss from continuing operations |
|
|
(75,051 |
) |
|
|
- |
|
|
|
(75,051 |
) |
Other income (expense), net |
|
|
(179,194 |
) |
|
|
40,592 |
|
|
|
(138,602 |
) |
Loss from continuing operations before income taxes |
|
|
(254,245 |
) |
|
|
40,592 |
|
|
|
(213,653 |
) |
Net loss from continuing operations |
|
|
(260,741 |
) |
|
|
40,592 |
|
|
|
(220,149 |
) |
Net loss |
|
|
(255,431 |
) |
|
|
40,592 |
|
|
|
(214,839 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(255,431 |
) |
|
|
40,592 |
|
|
|
(214,839 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(3.14 |
) |
|
$ |
0.49 |
|
|
$ |
(2.65 |
) |
Basic and diluted loss per share |
|
$ |
(3.08 |
) |
|
$ |
0.49 |
|
|
$ |
(2.59 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(260,741 |
) |
|
|
40,592 |
|
|
|
(220,149 |
) |
Comprehensive loss from continuing operations |
|
|
(255,993 |
) |
|
|
40,592 |
|
|
|
(215,401 |
) |
Comprehensive loss |
|
|
(250,683 |
) |
|
|
40,592 |
|
|
|
(210,091 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(250,683 |
) |
|
|
40,592 |
|
|
|
(210,091 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
74,761 |
|
|
$ |
- |
|
|
$ |
74,761 |
|
Gross margin |
|
|
24,098 |
|
|
|
- |
|
|
|
24,098 |
|
Operating loss from continuing operations |
|
|
(23,822 |
) |
|
|
- |
|
|
|
(23,822 |
) |
Other income (expense), net |
|
|
(97,758 |
) |
|
|
23,813 |
|
|
|
(73,945 |
) |
Loss from continuing operations before income taxes |
|
|
(121,580 |
) |
|
|
23,813 |
|
|
|
(97,767 |
) |
Net loss from continuing operations |
|
|
(121,896 |
) |
|
|
23,813 |
|
|
|
(98,083 |
) |
Net loss |
|
|
(121,896 |
) |
|
|
23,813 |
|
|
|
(98,083 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(121,896 |
) |
|
|
23,813 |
|
|
|
(98,083 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(1.11 |
) |
|
$ |
0.22 |
|
|
$ |
(0.89 |
) |
Basic and diluted loss per share |
|
$ |
(1.11 |
) |
|
$ |
0.22 |
|
|
$ |
(0.89 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(121,896 |
) |
|
|
23,813 |
|
|
|
(98,083 |
) |
Comprehensive loss from continuing operations |
|
|
(123,058 |
) |
|
|
23,813 |
|
|
|
(99,245 |
) |
Comprehensive loss |
|
|
(123,058 |
) |
|
|
23,813 |
|
|
|
(99,245 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(123,058 |
) |
|
|
23,813 |
|
|
|
(99,245 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
203,964 |
|
|
$ |
- |
|
|
$ |
203,964 |
|
Gross margin |
|
|
68,967 |
|
|
|
- |
|
|
|
68,967 |
|
Operating loss from continuing operations |
|
|
(98,873 |
) |
|
|
- |
|
|
|
(98,873 |
) |
Other income (expense), net |
|
|
(276,952 |
) |
|
|
64,405 |
|
|
|
(212,547 |
) |
Loss from continuing operations before income taxes |
|
|
(375,825 |
) |
|
|
64,405 |
|
|
|
(311,420 |
) |
Net loss from continuing operations |
|
|
(382,637 |
) |
|
|
64,405 |
|
|
|
(318,232 |
) |
Net loss |
|
|
(377,327 |
) |
|
|
64,405 |
|
|
|
(312,922 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(377,327 |
) |
|
|
64,405 |
|
|
|
(312,922 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(4.15 |
) |
|
$ |
0.70 |
|
|
$ |
(3.45 |
) |
Basic and diluted loss per share |
|
$ |
(4.09 |
) |
|
$ |
0.70 |
|
|
$ |
(3.39 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(382,637 |
) |
|
|
64,405 |
|
|
|
(318,232 |
) |
Comprehensive loss from continuing operations |
|
|
(379,051 |
) |
|
|
64,405 |
|
|
|
(314,646 |
) |
Comprehensive loss |
|
|
(373,741 |
) |
|
|
64,405 |
|
|
|
(309,336 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(373,741 |
) |
|
|
64,405 |
|
|
|
(309,336 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
72,134 |
|
|
$ |
- |
|
|
$ |
72,134 |
|
Gross margin |
|
|
18,038 |
|
|
|
- |
|
|
|
18,038 |
|
Operating loss from continuing operations |
|
|
(22,624 |
) |
|
|
- |
|
|
|
(22,624 |
) |
Other income (expense), net |
|
|
(18,612 |
) |
|
|
(3,334 |
) |
|
|
(21,946 |
) |
Loss from continuing operations before income taxes |
|
|
(41,236 |
) |
|
|
(3,334 |
) |
|
|
(44,570 |
) |
Net loss from continuing operations |
|
|
(41,527 |
) |
|
|
(3,334 |
) |
|
|
(44,861 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(41,527 |
) |
|
|
(3,334 |
) |
|
|
(44,861 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(0.22 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.24 |
) |
Basic and diluted loss per share |
|
$ |
(0.22 |
) |
|
$ |
(0.02 |
) |
|
$ |
(0.24 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(41,527 |
) |
|
|
(3,334 |
) |
|
|
(44,861 |
) |
Comprehensive loss from continuing operations |
|
|
(34,814 |
) |
|
|
(3,334 |
) |
|
|
(38,148 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(34,814 |
) |
|
|
(3,334 |
) |
|
|
(38,148 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
66,683 |
|
|
$ |
- |
|
|
$ |
66,683 |
|
Gross margin |
|
|
21,905 |
|
|
|
- |
|
|
|
21,905 |
|
Operating loss from continuing operations |
|
|
(16,894 |
) |
|
|
- |
|
|
|
(16,894 |
) |
Other income (expense), net |
|
|
15,469 |
|
|
|
(3,339 |
) |
|
|
12,130 |
|
Loss from continuing operations before income taxes |
|
|
(1,425 |
) |
|
|
(3,339 |
) |
|
|
(4,764 |
) |
Net loss from continuing operations |
|
|
(1,639 |
) |
|
|
(3,339 |
) |
|
|
(4,978 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(1,639 |
) |
|
|
(3,339 |
) |
|
|
(4,978 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.02 |
) |
Basic and diluted loss per share |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.02 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(1,639 |
) |
|
|
(3,339 |
) |
|
|
(4,978 |
) |
Comprehensive income (loss) from continuing operations |
|
|
5,132 |
|
|
|
(3,339 |
) |
|
|
1,793 |
|
Comprehensive income (loss) attributable to Canopy Growth Corporation |
|
|
5,132 |
|
|
|
(3,339 |
) |
|
|
1,793 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
138,817 |
|
|
$ |
- |
|
|
$ |
138,817 |
|
Gross margin |
|
|
39,943 |
|
|
|
- |
|
|
|
39,943 |
|
Operating loss from continuing operations |
|
|
(39,518 |
) |
|
|
- |
|
|
|
(39,518 |
) |
Other income (expense), net |
|
|
(3,143 |
) |
|
|
(6,673 |
) |
|
|
(9,816 |
) |
Loss from continuing operations before income taxes |
|
|
(42,661 |
) |
|
|
(6,673 |
) |
|
|
(49,334 |
) |
Net loss from continuing operations |
|
|
(43,166 |
) |
|
|
(6,673 |
) |
|
|
(49,839 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(43,166 |
) |
|
|
(6,673 |
) |
|
|
(49,839 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(0.19 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.22 |
) |
Basic and diluted loss per share |
|
$ |
(0.19 |
) |
|
$ |
(0.03 |
) |
|
$ |
(0.22 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(43,166 |
) |
|
|
(6,673 |
) |
|
|
(49,839 |
) |
Comprehensive loss from continuing operations |
|
|
(29,682 |
) |
|
|
(6,673 |
) |
|
|
(36,355 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(29,682 |
) |
|
|
(6,673 |
) |
|
|
(36,355 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended December 31, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
74,541 |
|
|
$ |
- |
|
|
$ |
74,541 |
|
Gross margin |
|
|
21,466 |
|
|
|
- |
|
|
|
21,466 |
|
Operating loss from continuing operations |
|
|
(26,350 |
) |
|
|
- |
|
|
|
(26,350 |
) |
Other income (expense), net |
|
|
(35,909 |
) |
|
|
4,282 |
|
|
|
(31,627 |
) |
Loss from continuing operations before income taxes |
|
|
(62,259 |
) |
|
|
4,282 |
|
|
|
(57,977 |
) |
Net loss from continuing operations |
|
|
(62,627 |
) |
|
|
4,282 |
|
|
|
(58,345 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(62,627 |
) |
|
|
4,282 |
|
|
|
(58,345 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(0.18 |
) |
|
$ |
0.01 |
|
|
$ |
(0.17 |
) |
Basic and diluted loss per share |
|
$ |
(0.18 |
) |
|
$ |
0.01 |
|
|
$ |
(0.17 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(62,627 |
) |
|
|
4,282 |
|
|
|
(58,345 |
) |
Comprehensive income (loss) from continuing operations |
|
|
(70,070 |
) |
|
|
4,282 |
|
|
|
(65,788 |
) |
Comprehensive income (loss) attributable to Canopy Growth Corporation |
|
|
(70,070 |
) |
|
|
4,282 |
|
|
|
(65,788 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Net revenue |
|
$ |
213,358 |
|
|
$ |
- |
|
|
$ |
213,358 |
|
Gross margin |
|
|
61,409 |
|
|
|
- |
|
|
|
61,409 |
|
Operating loss from continuing operations |
|
|
(65,868 |
) |
|
|
- |
|
|
|
(65,868 |
) |
Other income (expense), net |
|
|
(39,052 |
) |
|
|
(2,391 |
) |
|
|
(41,443 |
) |
Loss from continuing operations before income taxes |
|
|
(104,920 |
) |
|
|
(2,391 |
) |
|
|
(107,311 |
) |
Net loss from continuing operations |
|
|
(105,793 |
) |
|
|
(2,391 |
) |
|
|
(108,184 |
) |
Net loss attributable to Canopy Growth Corporation |
|
|
(105,793 |
) |
|
|
(2,391 |
) |
|
|
(108,184 |
) |
|
|
|
|
|
|
|
|
|
|
Basic and diluted loss per share - continuing operations |
|
$ |
(0.39 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.40 |
) |
Basic and diluted loss per share |
|
$ |
(0.39 |
) |
|
$ |
(0.01 |
) |
|
$ |
(0.40 |
) |
|
|
|
|
|
|
|
|
|
|
Comprehensive loss: |
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
|
(105,793 |
) |
|
|
(2,391 |
) |
|
|
(108,184 |
) |
Comprehensive loss from continuing operations |
|
|
(99,752 |
) |
|
|
(2,391 |
) |
|
|
(102,143 |
) |
Comprehensive loss attributable to Canopy Growth Corporation |
|
|
(99,752 |
) |
|
|
(2,391 |
) |
|
|
(102,143 |
) |
The following tables present the effect of the Restatement Items on the Company’s unaudited interim condensed consolidated
statements of shareholders’ equity for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,219,846 |
|
|
$ |
(10,476 |
) |
|
$ |
8,209,370 |
|
Additional paid-in capital - Share-based reserve |
|
|
507,358 |
|
|
|
(9,820 |
) |
|
|
497,538 |
|
Additional paid-in capital - Warrants |
|
|
2,590,765 |
|
|
|
(8,977 |
) |
|
|
2,581,788 |
|
Deficit |
|
|
(10,020,896 |
) |
|
|
8,614 |
|
|
|
(10,012,282 |
) |
Total shareholders’ equity |
|
|
749,464 |
|
|
|
(20,659 |
) |
|
|
728,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,219,747 |
|
|
$ |
(10,476 |
) |
|
$ |
8,209,271 |
|
Additional paid-in capital - Share-based reserve |
|
|
510,703 |
|
|
|
(9,820 |
) |
|
|
500,883 |
|
Additional paid-in capital - Warrants |
|
|
2,590,765 |
|
|
|
(8,977 |
) |
|
|
2,581,788 |
|
Deficit |
|
|
(10,237,693 |
) |
|
|
19,747 |
|
|
|
(10,217,946 |
) |
Total shareholders’ equity |
|
|
544,663 |
|
|
|
(9,526 |
) |
|
|
535,137 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,393,936 |
|
|
$ |
(14,805 |
) |
|
$ |
8,379,131 |
|
Additional paid-in capital - Share-based reserve |
|
|
524,138 |
|
|
|
(9,820 |
) |
|
|
514,318 |
|
Additional paid-in capital - Warrants |
|
|
2,616,514 |
|
|
|
(26,029 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(10,457,168 |
) |
|
|
(15,149 |
) |
|
|
(10,472,317 |
) |
Total shareholders’ equity |
|
|
532,923 |
|
|
|
(65,803 |
) |
|
|
467,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,490,670 |
|
|
$ |
(14,001 |
) |
|
$ |
8,476,669 |
|
Additional paid-in capital - Share-based reserve |
|
|
527,242 |
|
|
|
(9,820 |
) |
|
|
517,422 |
|
Additional paid-in capital - Warrants |
|
|
2,616,198 |
|
|
|
(25,713 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(10,585,461 |
) |
|
|
4,181 |
|
|
|
(10,581,280 |
) |
Total shareholders’ equity |
|
|
509,668 |
|
|
|
(45,353 |
) |
|
|
464,315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,670,494 |
|
|
$ |
(14,001 |
) |
|
$ |
8,656,493 |
|
Additional paid-in capital - Share-based reserve |
|
|
532,149 |
|
|
|
(9,820 |
) |
|
|
522,329 |
|
Additional paid-in capital - Warrants |
|
|
2,628,137 |
|
|
|
(37,652 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(10,707,357 |
) |
|
|
27,994 |
|
|
|
(10,679,363 |
) |
Total shareholders’ equity |
|
|
591,475 |
|
|
|
(33,479 |
) |
|
|
557,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
8,836,531 |
|
|
$ |
(14,001 |
) |
|
$ |
8,822,530 |
|
Additional paid-in capital - Share-based reserve |
|
|
509,681 |
|
|
|
(9,820 |
) |
|
|
499,861 |
|
Additional paid-in capital - Warrants |
|
|
2,628,137 |
|
|
|
(37,652 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(10,969,672 |
) |
|
|
49,492 |
|
|
|
(10,920,180 |
) |
Total shareholders’ equity |
|
|
488,976 |
|
|
|
(11,981 |
) |
|
|
476,995 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
9,078,337 |
|
|
$ |
(14,001 |
) |
|
$ |
9,064,336 |
|
Additional paid-in capital - Share-based reserve |
|
|
509,780 |
|
|
|
(9,820 |
) |
|
|
499,960 |
|
Additional paid-in capital - Warrants |
|
|
2,628,137 |
|
|
|
(37,652 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(10,971,311 |
) |
|
|
46,153 |
|
|
|
(10,925,158 |
) |
Total shareholders’ equity |
|
|
736,013 |
|
|
|
(15,320 |
) |
|
|
720,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Share capital |
|
$ |
9,169,947 |
|
|
$ |
(14,001 |
) |
|
$ |
9,155,946 |
|
Additional paid-in capital - Share-based reserve |
|
|
510,400 |
|
|
|
(9,820 |
) |
|
|
500,580 |
|
Additional paid-in capital - Warrants |
|
|
2,628,137 |
|
|
|
(37,652 |
) |
|
|
2,590,485 |
|
Deficit |
|
|
(11,033,938 |
) |
|
|
50,435 |
|
|
|
(10,983,503 |
) |
Total shareholders’ equity |
|
|
758,173 |
|
|
|
(11,038 |
) |
|
|
747,135 |
|
The following tables present the effect of the Restatement Items on the Company’s unaudited interim condensed consolidated
statements of cash flows for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(366,661 |
) |
|
$ |
8,614 |
|
|
$ |
(358,047 |
) |
Net loss from continuing operations |
|
|
(158,731 |
) |
|
|
8,614 |
|
|
|
(150,117 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
44,438 |
|
|
|
(8,614 |
) |
|
|
35,824 |
|
Net cash used in operating activities - continuing operations |
|
|
(172,613 |
) |
|
|
- |
|
|
|
(172,613 |
) |
Net cash used in operating activities |
|
|
(227,322 |
) |
|
|
- |
|
|
|
(227,322 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2023 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(583,458 |
) |
|
$ |
19,747 |
|
|
$ |
(563,711 |
) |
Net loss from continuing operations |
|
|
(389,007 |
) |
|
|
19,747 |
|
|
|
(369,260 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
188,452 |
|
|
|
(19,747 |
) |
|
|
168,705 |
|
Net cash used in operating activities - continuing operations |
|
|
(205,961 |
) |
|
|
- |
|
|
|
(205,961 |
) |
Net cash used in operating activities |
|
|
(259,891 |
) |
|
|
- |
|
|
|
(259,891 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(127,138 |
) |
|
$ |
21,263 |
|
|
$ |
(105,875 |
) |
Net loss from continuing operations |
|
|
(129,191 |
) |
|
|
21,263 |
|
|
|
(107,928 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
79,793 |
|
|
|
(21,263 |
) |
|
|
58,530 |
|
Net cash used in operating activities - continuing operations |
|
|
(51,780 |
) |
|
|
- |
|
|
|
(51,780 |
) |
Net cash used in operating activities |
|
|
(51,780 |
) |
|
|
- |
|
|
|
(51,780 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(255,431 |
) |
|
$ |
40,592 |
|
|
$ |
(214,839 |
) |
Net loss from continuing operations |
|
|
(260,741 |
) |
|
|
40,592 |
|
|
|
(220,149 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
147,290 |
|
|
|
(40,592 |
) |
|
|
106,698 |
|
Net cash used in operating activities - continuing operations |
|
|
(105,632 |
) |
|
|
- |
|
|
|
(105,632 |
) |
Net cash used in operating activities |
|
|
(105,632 |
) |
|
|
- |
|
|
|
(105,632 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2024 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(377,327 |
) |
|
$ |
64,405 |
|
|
$ |
(312,922 |
) |
Net loss from continuing operations |
|
|
(382,637 |
) |
|
|
64,405 |
|
|
|
(318,232 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
223,591 |
|
|
|
(64,405 |
) |
|
|
159,186 |
|
Net cash used in operating activities - continuing operations |
|
|
(132,598 |
) |
|
|
- |
|
|
|
(132,598 |
) |
Net cash used in operating activities |
|
|
(132,598 |
) |
|
|
- |
|
|
|
(132,598 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(41,527 |
) |
|
$ |
(3,334 |
) |
|
$ |
(44,861 |
) |
Net loss from continuing operations |
|
|
(41,527 |
) |
|
|
(3,334 |
) |
|
|
(44,861 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
10,049 |
|
|
|
3,334 |
|
|
|
13,383 |
|
Net cash used in operating activities |
|
|
(10,337 |
) |
|
|
- |
|
|
|
(10,337 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended September 30, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(43,166 |
) |
|
$ |
(6,673 |
) |
|
$ |
(49,839 |
) |
Net loss from continuing operations |
|
|
(43,166 |
) |
|
|
(6,673 |
) |
|
|
(49,839 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
(12,571 |
) |
|
|
6,673 |
|
|
|
(5,898 |
) |
Net cash used in operating activities |
|
|
(28,316 |
) |
|
|
- |
|
|
|
(28,316 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended December 31, 2025 |
|
|
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
Cashflows from operating activities: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(105,793 |
) |
|
$ |
(2,391 |
) |
|
$ |
(108,184 |
) |
Net loss from continuing operations |
|
|
(105,793 |
) |
|
|
(2,391 |
) |
|
|
(108,184 |
) |
Non-cash fair value adjustments and charges related to
settlement of unsecured senior notes |
|
|
19,246 |
|
|
|
2,391 |
|
|
|
21,637 |
|
Net cash used in operating activities |
|
|
(45,552 |
) |
|
|
- |
|
|
|
(45,552 |
) |
|