Canopy Growth Corporation (CGC)

Canopy Growth Cash Flow Statement

Financials in millions CAD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	-326.58	-598.12	-675.8	-3,310	-330.57	-1,671
Depreciation & Amortization	39.29	43.12	53.18	80.03	110.94	127.12
Stock-Based Compensation	-15.94	-4.21	14.18	25.32	46.69	91.15
Other Adjustments	212.29	440.84	226.59	2,519	-550.01	1,049
Change in Receivables	18.28	-4.49	-3.75	6.24	16.15	-11.99
Changes in Inventories	-13.54	-17.72	1.03	68.44	204.22	23.11
Changes in Accounts Payable	-0.66	-15.48	9.12	-28.24	-42.96	16.54
Changes in Other Operating Activities	8.87	-3.68	-45.09	15.53	27.59	-89.77
Operating Cash Flow	-78.7	-165.75	-281.95	-557.55	-545.81	-465.73
Capital Expenditures	-7.42	-10.81	-3.45	-9.11	-36.68	-164.5
Sale of Property, Plant & Equipment	0.01	4.93	154.05	13.61	27.28	45.92
Purchases of Intangible Assets	-0.57	-0.47	-0.55	-1.34	-11.43	-9.64
Proceeds from Sale of Intangible Assets	-	-	-	-	-	18.34
Purchases of Investments	-	-95.34	-0.35	-67.15	-379.41	-161.57
Proceeds from Sale of Investments	20.59	46.74	78.55	502.59	546.01	-452.83
Payments for Business Acquisitions	-	-	-	-	-14.95	-
Proceeds from Business Divestments	-	-6.97	-0.96	14.93	118.15	-
Other Investing Activities	6.69	-	-7.71	3.9	-18.13	-159.82
Investing Cash Flow	20.3	-47.79	241.59	433.38	230.82	-884.11
Long-Term Debt Issued	-	68.26	-	135.16	-	893.16
Long-Term Debt Repaid	-212.44	-289.03	-509.78	-118.18	-50.76	-15.62
Net Long-Term Debt Issued (Repaid)	-212.44	-220.78	-509.78	16.98	-50.76	877.54
Issuance of Common Stock	503.57	393.96	81.06	1.33	8.27	402.08
Net Common Stock Issued (Repurchased)	503.57	393.96	81.06	1.33	8.27	402.08
Other Financing Activities	-21.29	-24.52	-36.34	-38.01	-3.04	-14.86
Financing Cash Flow	269.84	148.66	-465.06	-19.69	-45.53	1,265
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-2.02	8.39	-1.29	44.86	-18.12	-63.46
Net Cash Flow	209.41	-56.49	-506.71	-99	-378.65	-148.52
Free Cash Flow	-86.13	-176.56	-285.4	-566.66	-582.5	-630.23
FCF Margin	-30.94%	-65.64%	-96.05%	-170.04%	-122.45%	-115.29%
Free Cash Flow Per Share	-0.36	-1.64	-3.82	-12.22	-14.89	-16.96
Levered Free Cash Flow	-512.49	-823.46	-1,152	-3,135	-97.7	-954.88
Unlevered Free Cash Flow	-57.3	-120.31	-207.94	-2,509	-789.72	-1,321

Updated Feb 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q