2024 Q2 Form 10-K Financial Statement

#000095017024066240 Filed on May 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $66.21M $72.79M $297.1M
YoY Change -39.1% -1.25% -26.25%
Cost Of Revenue $43.18M $57.62M $216.3M
YoY Change -57.99% -67.6% -57.35%
Gross Profit $23.03M $15.17M $80.88M
YoY Change 287.92% -114.57% -177.67%
Gross Profit Margin 34.78% 20.84% 27.22%
Selling, General & Admin $47.97M $52.46M $229.4M
YoY Change -47.43% -49.94% -49.71%
% of Gross Profit 208.28% 345.77% 283.66%
Research & Development $4.611M
YoY Change -78.77%
% of Gross Profit 5.7%
Depreciation & Amortization $5.682M $11.30M $28.38M
YoY Change -49.91% -45.62% -49.99%
% of Gross Profit 24.67% 74.45% 35.08%
Operating Expenses $52.14M $58.67M $309.6M
YoY Change -46.4% -48.44% -88.72%
Operating Profit -$29.11M -$43.50M -$228.7M
YoY Change -68.13% -80.04% -91.97%
Interest Expense $21.14M $20.50M $105.4M
YoY Change -34.31% -131.9% -16.49%
% of Operating Profit
Other Income/Expense, Net -$93.89M -$10.86M -$242.6M
YoY Change -282.32% -187.15% -47.93%
Pretax Income -$123.0M -$96.11M -$471.4M
YoY Change 208.7% -87.01% -85.78%
Income Tax $6.194M -$1.435M $12.33M
% Of Pretax Income
Net Earnings -$127.1M -$92.34M -$657.3M
YoY Change 233.51% -87.02% -79.95%
Net Earnings / Revenue -192.02% -126.86% -221.19%
Basic Earnings Per Share -$1.60 -$8.79
Diluted Earnings Per Share -$1.60 -$1.03 -$8.79
COMMON SHARES
Basic Shares Outstanding 76.20M 91.11M 74.79M
Diluted Shares Outstanding 79.24M 74.79M

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $194.9M $203.5M $203.5M
YoY Change -65.87% -74.0% -74.0%
Cash & Equivalents $192.2M $170.3M $54.87M
Short-Term Investments $2.766M $33.16M $33.16M
Other Short-Term Assets $7.446M $13.49M $38.58M
YoY Change 24.06% 33.36% -25.47%
Inventory $84.52M $77.29M $77.29M
Prepaid Expenses $9.764M $6.621M
Receivables $43.51M $44.94M $44.94M
Other Receivables $2.784M $3.511M $6.904M
Total Short-Term Assets $357.8M $371.2M $371.2M
YoY Change -59.49% -65.54% -65.54%
LONG-TERM ASSETS
Property, Plant & Equipment $315.0M $320.1M $320.1M
YoY Change -20.29% -35.91% -35.91%
Goodwill $43.37M $43.24M
YoY Change -48.61% -49.47%
Intangibles $98.96M $104.1M
YoY Change -45.91% -44.86%
Long-Term Investments $150.7M $437.6M $437.6M
YoY Change -75.9% -22.99% -22.99%
Other Assets $22.56M $24.13M $24.13M
YoY Change 15.61% 21.82% 21.82%
Total Long-Term Assets $928.4M $929.2M $929.2M
YoY Change -28.98% -31.77% -31.77%
TOTAL ASSETS
Total Short-Term Assets $357.8M $371.2M $371.2M
Total Long-Term Assets $928.4M $929.2M $929.2M
Total Assets $1.286B $1.300B $1.300B
YoY Change -41.28% -46.69% -46.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.49M $28.67M $28.67M
YoY Change -55.71% -62.39% -62.39%
Accrued Expenses $51.29M $33.20M $33.20M
YoY Change -31.99% -61.0% -61.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.457M $103.9M $107.4M
YoY Change -99.03% -81.34% -81.37%
Total Short-Term Liabilities $166.6M $234.7M $234.7M
YoY Change -63.07% -70.8% -70.8%
LONG-TERM LIABILITIES
Long-Term Debt $558.5M $493.3M $525.8M
YoY Change -29.5% -34.23% -33.41%
Other Long-Term Liabilities $28.22M $71.81M $39.30M
YoY Change -71.36% -42.5% -53.89%
Total Long-Term Liabilities $586.7M $565.1M $565.1M
YoY Change -34.13% -35.41% -35.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $166.6M $234.7M $234.7M
Total Long-Term Liabilities $586.7M $565.1M $565.1M
Total Liabilities $753.3M $799.8M $800.0M
YoY Change -43.91% -52.37% -50.9%
SHAREHOLDERS EQUITY
Retained Earnings -$10.46B -$10.33B
YoY Change 7.69% 6.8%
Common Stock $11.01B $10.85B
YoY Change 4.22% 3.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $532.9M $500.4M $500.4M
YoY Change
Total Liabilities & Shareholders Equity $1.286B $1.300B $1.300B
YoY Change -41.28% -46.69% -46.69%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$127.1M -$92.34M -$657.3M
YoY Change 233.51% -87.02% -79.95%
Depreciation, Depletion And Amortization $5.682M $11.30M $28.38M
YoY Change -49.91% -45.62% -49.99%
Cash From Operating Activities -$51.78M -$22.06M -$282.0M
YoY Change -65.17% -84.21% -49.43%
INVESTING ACTIVITIES
Capital Expenditures $3.920M $80.00K $3.449M
YoY Change 95.22% -97.43% -62.58%
Acquisitions
YoY Change
Other Investing Activities -$29.10M $39.56M $7.705M
YoY Change -385.55% -58.07% -284.51%
Cash From Investing Activities -$33.03M $39.48M $241.6M
YoY Change -123.17% -56.73% -44.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $11.84M $509.8M
YoY Change -89.99% 331.36%
Cash From Financing Activities 105.8M 8.469M -465.1M
YoY Change -179.46% -93.29% 2261.4%
NET CHANGE
Cash From Operating Activities -51.78M -22.06M -282.0M
Cash From Investing Activities -33.03M 39.48M 241.6M
Cash From Financing Activities 105.8M 8.469M -465.1M
Net Change In Cash 21.86M 25.89M -506.7M
YoY Change -115.21% -66.69% 411.84%
FREE CASH FLOW
Cash From Operating Activities -$51.78M -$22.06M -$282.0M
Capital Expenditures $3.920M $80.00K $3.449M
Free Cash Flow -$55.70M -$22.14M -$285.4M
YoY Change -63.03% -84.5% -49.64%

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CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2023 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
13610000
CY2024 cgc Income Taxes Received
IncomeTaxesReceived
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CY2023 cgc Income Taxes Received
IncomeTaxesReceived
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CY2022 cgc Income Taxes Received
IncomeTaxesReceived
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CY2024 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
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CY2023 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
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CY2022 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
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CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2024 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
131824000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2024 cgc Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
-106000
CY2023 cgc Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
-38000
CY2022 cgc Increase Decrease Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseCapitalExpendituresIncurredButNotYetPaid
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CY2024Q1 cgc Private Placement Unit Offering Completed
PrivatePlacementUnitOfferingCompleted
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CY2024Q1 cgc Promissory Note
PromissoryNote
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CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.52%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The preparation of these consolidated financial statements and accompanying notes in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates. Financial statement areas that require significant judgements and estimates are as follows:</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Allowance for credit losses </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">- The assessment involves judgement and incorporates estimates of loss based on available information relevant to considering the collectability and includes consideration of economic and business conditions, default trends and other internal and external factors. The amount is subject to change based on experience and new information which could result in outcomes that require adjustment to the carrying amounts affecting future periods.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Inventory reserves</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> - The Company records inventory reserves based on the Company’s estimated forecast of product demand, production requirements, market conditions and regulatory environment. Actual losses may differ from management’s estimates.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Estimated useful lives, impairment considerations, and amortization of property, plant and equipment and intangible assets</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> - Amortization of capital and intangible assets is dependent upon estimates of useful lives based on management’s judgment.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Goodwill and indefinite lived intangible asset impairment testing requires management to make estimates in the impairment testing model. On at least an annual basis, the Company tests whether goodwill and indefinite lived intangible assets are impaired. The reporting unit's fair value is determined using a discounted future cash flow model, which incorporate assumptions regarding future events, specifically future cash flows, growth rates and discount rates.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Impairment of long-lived assets is influenced by judgment in defining an asset group and determining the indicators of impairment, and estimates used to measure impairment losses.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Legal proceedings</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> - Judgement is used in determining the probability of incurring a loss in addition to determining the estimated amount. Amounts recorded are based on management’s judgement and actual amounts recorded may not be realized.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Fair value measurement of financial instruments</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> - The use of various valuation approaches described in Note 25 may involve uncertainties and determinations based on the Company’s judgment and any value estimated from these techniques may not be realized or realizable.</span></p><p style="text-indent:4.533%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Consolidation of variable interest entities</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> - The determination of whether the Company is the primary beneficiary of a variable interest entity requires significant judgement. The assessment requires a qualitative analysis of power and benefits of the variable interest entity.</span></p>
CY2024 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On December 13, 2023, the Company announced that the Company’s board of directors (the “Board”) had approved the consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation common share for every 10 pre-consolidation common shares (the “Share Consolidation”).
CY2024 us-gaap Advertising Expense
AdvertisingExpense
28656000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
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CY2022 us-gaap Advertising Expense
AdvertisingExpense
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CY2022 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
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CY2022 cgc Restructuring And Share Based Compensation Expense
RestructuringAndShareBasedCompensationExpense
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CY2023Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4611000
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
21718000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32261000
CY2022 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
250
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
40748000
CY2022Q4 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2032-12-31
CY2024 us-gaap Deconsolidation Nature Of Continuing Involvement Description
DeconsolidationNatureOfContinuingInvolvementDescription
the Company and Canopy USA effectuated certain changes to the initial structure of the Company’s interest in Canopy USA that were intended to facilitate the deconsolidation of the financial results of Canopy USA within the Company’s financial statements. These changes included, among other things, modifying the terms of the Protection Agreement (as defined below) between the Company, its wholly-owned subsidiary and Canopy USA as well as the terms of Canopy USA’s limited liability company agreement and amending the terms of certain agreements with third-party investors in Canopy USA to eliminate any rights to guaranteed returns
CY2022Q4 cgc Percentage Ownership Of Wholly Owned Subsidiaries
PercentageOwnershipOfWhollyOwnedSubsidiaries
1
CY2024 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
65001000
CY2024 cgc Restructuring And Share Based Compensation Expense
RestructuringAndShareBasedCompensationExpense
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CY2024 cgc Other Impairments And Equity Method Investments Impairments
OtherImpairmentsAndEquityMethodInvestmentsImpairments
79501000
CY2024 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
65001000
CY2023 cgc Restructuring And Share Based Compensation Expense
RestructuringAndShareBasedCompensationExpense
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CY2023 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
800
CY2023 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
2280948000
CY2023 cgc Restructuring And Share Based Compensation Expense
RestructuringAndShareBasedCompensationExpense
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CY2023 cgc Other Impairments And Equity Method Investments Impairments
OtherImpairmentsAndEquityMethodInvestmentsImpairments
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CY2023 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
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CY2022 cgc Restructuring And Share Based Compensation Expense
RestructuringAndShareBasedCompensationExpense
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CY2022 cgc Other Impairments And Equity Method Investments Impairments
OtherImpairmentsAndEquityMethodInvestmentsImpairments
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CY2022 cgc Restructuring Asset Impairments And Related Costs Pre Tax
RestructuringAssetImpairmentsAndRelatedCostsPreTax
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CY2024Q1 us-gaap Cash
Cash
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CY2023Q1 us-gaap Cash
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CY2024Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
170300000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2024Q1 us-gaap Short Term Investments
ShortTermInvestments
33161000
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
105526000
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
33161000
CY2023Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
107661000
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2024Q1 us-gaap Inventory Work In Process
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CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2024Q1 us-gaap Inventory Finished Goods
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AccountsReceivableNetCurrent
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CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2024Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
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CY2023Q1 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
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CY2024Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
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CY2023Q1 us-gaap Interest Receivable Current
InterestReceivableCurrent
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CY2024Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
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CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
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CY2024Q1 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
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CY2023Q1 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
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CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2023Q1 us-gaap Inventory Finished Goods
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CY2024Q1 us-gaap Inventory Net
InventoryNet
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CY2023Q1 us-gaap Inventory Net
InventoryNet
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CY2024 us-gaap Inventory Write Down
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CY2023 us-gaap Inventory Write Down
InventoryWriteDown
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CY2024Q1 us-gaap Prepaid Expense Current
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CY2023Q1 us-gaap Prepaid Expense Current
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CY2024Q1 cgc Prepaid Deposits Current
PrepaidDepositsCurrent
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CY2023Q1 cgc Prepaid Deposits Current
PrepaidDepositsCurrent
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CY2024Q1 cgc Prepaid Inventory Current
PrepaidInventoryCurrent
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CY2023Q1 cgc Prepaid Inventory Current
PrepaidInventoryCurrent
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CY2024Q1 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2023Q1 cgc Other Noncurrent Financial Asset
OtherNoncurrentFinancialAsset
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CY2024 cgc Other Financial Assets Additions
OtherFinancialAssetsAdditions
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CY2024 cgc Changes In Other Financial Asset Fair Value Through Profit Or Loss
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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2024 cgc Other Financial Assets Other
OtherFinancialAssetsOther
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CY2024Q1 cgc Other Noncurrent Financial Asset
OtherNoncurrentFinancialAsset
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CY2022Q1 cgc Other Noncurrent Financial Asset
OtherNoncurrentFinancialAsset
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CY2023 cgc Other Financial Assets Additions
OtherFinancialAssetsAdditions
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CY2023 cgc Changes In Other Financial Asset Fair Value Through Profit Or Loss
ChangesInOtherFinancialAssetFairValueThroughProfitOrLoss
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
30162000
CY2023 cgc Other Financial Assets Other
OtherFinancialAssetsOther
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CY2023Q1 cgc Other Noncurrent Financial Asset
OtherNoncurrentFinancialAsset
568292000
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
89094000
CY2022Q2 cgc Number Of Tranches In Which Option Agreement Is Exercisable
NumberOfTranchesInWhichOptionAgreementIsExercisable
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CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
90120000
CY2024Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
59915000
CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
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CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
418283000
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
98180000
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
110310000
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
320103000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2024Q1 us-gaap Finite Lived Intangible Assets Net
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75453000
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
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CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
160750000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14149000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13553000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8670000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
870000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75453000
CY2022Q1 us-gaap Goodwill
Goodwill
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CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
4367000
CY2023Q1 us-gaap Goodwill
Goodwill
85563000
CY2024 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
42081000
CY2024 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-243000
CY2024Q1 us-gaap Goodwill
Goodwill
43239000
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2311000
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
21468000
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
27322000
CY2024Q1 cgc Taxes And Government Fees Payable Current
TaxesAndGovernmentFeesPayableCurrent
10519000
CY2023Q1 cgc Taxes And Government Fees Payable Current
TaxesAndGovernmentFeesPayableCurrent
5734000
CY2024Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5849000
CY2023Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5967000
CY2024Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16203000
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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54039000
CY2023Q1 us-gaap Accrued Liabilities And Other Liabilities
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53743000
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103935000
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556890000
CY2024Q1 us-gaap Long Term Debt Noncurrent
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493294000
CY2023Q1 us-gaap Long Term Debt Noncurrent
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CY2023Q3 cgc Issuance Of Debenture Shares In Excess Percentage Of Outstanding Common Shares
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0.25
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10434000
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CY2020Q3 cgc Conversion Of Outstanding Debentures Description
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In addition, the Company may force conversion of the Supreme Debentures outstanding with 30 days’ notice if the daily volume weighted average trading price of the Company’s common shares is greater than $385.90 for any 10 consecutive trading days. The Company, Supreme Cannabis and the Trustee entered into a further supplemental indenture whereby the Company agreed to guarantee the obligations of Supreme Cannabis pursuant to the Supreme Debentures and the Accretion Debentures.
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106913000
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515043000
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15173000
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55597000
CY2024Q1 cgc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
70770000
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28421000
CY2023Q1 cgc Operating And Finance Lease Liability Noncurrent
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78367000
CY2023Q1 cgc Operating And Finance Lease Liability
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12809000
CY2024Q1 cgc Acquisition Consideration Related Liabilities Noncurrent
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10558000
CY2024Q1 cgc Acquisition Consideration Related Liabilities
AcquisitionConsiderationRelatedLiabilities
23367000
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25945000
CY2023Q1 cgc Acquisition Consideration Related Liabilities Noncurrent
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30323000
CY2023Q1 cgc Acquisition Consideration Related Liabilities
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56268000
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4169000
CY2024Q1 cgc Refund Liability
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4169000
CY2023Q1 cgc Refund Liability Current
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6434000
CY2023Q1 cgc Refund Liability
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6434000
CY2024Q1 cgc Settlement Liabilities And Other Current
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15917000
CY2024Q1 cgc Settlement Liabilities And Other Non Current
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5659000
CY2024Q1 cgc Settlement Liabilities And Other
SettlementLiabilitiesAndOther
21576000
CY2023Q1 cgc Settlement Liabilities And Other Current
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32950000
CY2023Q1 cgc Settlement Liabilities And Other Non Current
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13733000
CY2023Q1 cgc Settlement Liabilities And Other
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46683000
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48068000
CY2024Q1 us-gaap Other Liabilities Noncurrent
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71814000
CY2024Q1 us-gaap Other Liabilities
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93750000
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18526000
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CY2022Q1 cgc Number Of Equity Financing
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CY2022 cgc Number Of Shares Issued Relating To Completion Of Acquisition Milestones
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129529
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12819305
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CY2023 cgc Average Exercise Price On Warrant Expiry
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2023 cgc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
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CY2022 cgc Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Forfeiture Rate
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024 cgc Allowance For Estimated Returns And Price Adjustments
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CY2023 cgc Allowance For Estimated Returns And Price Adjustments
AllowanceForEstimatedReturnsAndPriceAdjustments
12072000
CY2022 cgc Allowance For Estimated Returns And Price Adjustments
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CY2024Q1 cgc Liability For Estimated Sales Returns And Price Adjustments
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CY2023Q1 cgc Liability For Estimated Sales Returns And Price Adjustments
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CY2023 cgc Other Financial Assets Fair Value Adjustment
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CY2022 cgc Other Financial Assets Fair Value Adjustment
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CY2023 us-gaap Interest Expense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 cgc Income Tax Reconciliation Nondeductible And Nontaxable Items
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CY2022 cgc Income Tax Reconciliation Nondeductible And Nontaxable Items
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CY2023 cgc Income Tax Reconciliation Fair Value Changes On Acreage Arrangement
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CY2022 cgc Income Tax Reconciliation Fair Value Changes On Acreage Arrangement
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CY2023 cgc Income Tax Reconciliation Fair Value Changes On Warrant Derivative Liability
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CY2022 cgc Income Tax Reconciliation Fair Value Changes On Warrant Derivative Liability
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CY2024 cgc Income Tax Reconciliation Settlement Of Unsecured Senior Notes
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CY2023 cgc Income Tax Reconciliation Settlement Of Unsecured Senior Notes
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