| Summary of Changes in Other Financial Assets |
The following tables outline changes in other financial assets. Additional details on how the fair value of significant investments are calculated are included in Note 24.
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Foreign |
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Balance at |
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currency |
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Balance at |
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March 31, |
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Fair value |
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translation |
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March 31, |
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Entity |
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Instrument |
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2025 |
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Additions |
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changes |
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adjustments |
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Other |
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2026 |
|
Canopy USA Loans Receivable |
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Loan receivable |
|
$ |
144,683 |
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$ |
- |
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$ |
(76,088 |
) |
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$ |
(4,695 |
) |
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$ |
- |
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$ |
63,900 |
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Canopy USA LPs |
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Equity method investment |
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|
33,144 |
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- |
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9,078 |
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(143 |
) |
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- |
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42,079 |
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Other |
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Various |
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2,150 |
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- |
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- |
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- |
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(119 |
) |
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2,031 |
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$ |
179,977 |
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$ |
- |
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$ |
(67,010 |
) |
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$ |
(4,838 |
) |
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$ |
(119 |
) |
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$ |
108,010 |
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1 Refer to Note 30 for information regarding the Acreage Amended Arrangement.
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Foreign |
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Balance at |
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currency |
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Balance at |
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March 31, |
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Fair value |
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translation |
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March 31, |
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Entity |
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Instrument |
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2024 |
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Additions |
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changes |
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adjustments |
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Other |
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2025 |
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Acreage1 |
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Fixed Shares option and Floating Shares agreement |
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$ |
10,000 |
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$ |
- |
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$ |
(31,808 |
) |
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$ |
(35 |
) |
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$ |
21,843 |
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$ |
- |
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TerrAscend Exchangeable Shares |
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Exchangeable shares |
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120,000 |
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- |
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17,291 |
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2,109 |
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(139,400 |
) |
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- |
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TerrAscend - December 2022 |
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Warrants |
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32,500 |
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- |
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7,929 |
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571 |
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(41,000 |
) |
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- |
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TerrAscend |
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Option |
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2,000 |
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- |
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265 |
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35 |
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(2,300 |
) |
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- |
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Wana |
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Option |
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149,766 |
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- |
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- |
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1,537 |
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(151,303 |
) |
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- |
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Jetty |
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Options |
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59,915 |
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- |
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- |
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615 |
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(60,530 |
) |
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- |
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Acreage Hempco |
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Debenture |
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11,780 |
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- |
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- |
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121 |
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(11,901 |
) |
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- |
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Acreage Debt Option Premium |
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Option |
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37,574 |
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- |
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3,147 |
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386 |
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(41,107 |
) |
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- |
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Acreage Tax Receivable Agreement |
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Other |
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1,287 |
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- |
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- |
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13 |
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(1,300 |
) |
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- |
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Acreage Debt |
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Loan receivable |
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- |
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133,595 |
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(140,136 |
) |
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6,541 |
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- |
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- |
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Elevate loan receivable2 |
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Loan receivable |
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- |
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174,864 |
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(7,277 |
) |
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4,174 |
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(27,078 |
) |
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144,683 |
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Canopy USA, LLC |
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Equity method investment |
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- |
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97,033 |
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(98,591 |
) |
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1,558 |
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- |
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- |
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Canopy USA LPs |
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Equity method investment |
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- |
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180,873 |
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(148,132 |
) |
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|
403 |
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- |
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33,144 |
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Other |
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Various |
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12,807 |
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- |
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(2,915 |
) |
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24 |
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(7,766 |
) |
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2,150 |
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$ |
437,629 |
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$ |
586,365 |
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$ |
(400,227 |
) |
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$ |
18,052 |
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$ |
(461,842 |
) |
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$ |
179,977 |
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1 Refer to Note 30 for information regarding the Acreage Amended Arrangement. 2 Upon deconsolidation of the financial results of Canopy USA within the Company’s financial statements, the Elevate loan receivable, which was previously recorded at amortized cost, is now recorded at fair value. The remeasurement of this retained non-controlling interest from the deconsolidation of Canopy USA is part of the gain on disposal of consolidated entity described in Note 5.
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| Schedule of Balance Sheet and Income Statement Information |
The following tables contains the summarized balance sheet and income statement information for equity method investments:
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December 31, 2025 |
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December 31, 2024 |
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Assets |
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Current Assets |
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$ |
131,377 |
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$ |
145,367 |
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Other Assets |
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400,739 |
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501,469 |
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$ |
532,116 |
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$ |
646,836 |
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Liabilities |
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Current Liabilities |
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$ |
638,367 |
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$ |
580,537 |
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Other Liabilities |
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175,268 |
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|
213,745 |
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$ |
813,635 |
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$ |
794,282 |
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Non-controlling interest |
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$ |
51,508 |
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$ |
53,364 |
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Twelve months ended |
|
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Eight months ended |
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December 31, 2025 |
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December 31, 2024 |
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Revenue |
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$ |
266,366 |
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$ |
45,899 |
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Cost of goods sold |
|
|
173,474 |
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|
39,470 |
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Gross profit |
|
|
92,892 |
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|
|
6,429 |
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Operating expenses |
|
|
157,125 |
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|
|
34,363 |
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Operating loss |
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(64,233 |
) |
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|
(27,934 |
) |
Other income (loss) |
|
|
(48,404 |
) |
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|
(213,312 |
) |
Income tax (expense) recovery |
|
|
(10,125 |
) |
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|
10,740 |
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Net loss |
|
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(122,762 |
) |
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(230,506 |
) |
Net loss attributable to non-controlling interest |
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(1,804 |
) |
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(134,995 |
) |
Net loss attributable to Canopy USA |
|
$ |
(120,958 |
) |
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$ |
(95,511 |
) |
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