Canopy Growth Corp PP&E Disclosure
Depreciation is calculated on a straight-line basis over the expected useful lives of the assets, which are as follows:
|
|
Years |
Buildings and greenhouses |
|
20 - 50 |
Production and warehouse equipment |
|
5 - 30 |
Office and lab equipment |
|
3 - 25 |
Computer equipment |
|
3 - 5 |
Leasehold improvements |
|
The components of property, plant and equipment are as follows:
|
|
March 31, |
|
|
March 31, |
|
||
|
|
2025 |
|
|
2024 |
|
||
Buildings and greenhouses |
|
$ |
304,891 |
|
|
$ |
305,606 |
|
Production and warehouse equipment |
|
|
64,096 |
|
|
|
62,026 |
|
Leasehold improvements |
|
|
3,177 |
|
|
|
7,787 |
|
Office and lab equipment |
|
|
11,043 |
|
|
|
11,041 |
|
Computer equipment |
|
|
7,006 |
|
|
|
7,784 |
|
Land |
|
|
4,987 |
|
|
|
5,323 |
|
Right-of-use-assets |
|
|
|
|
|
|
||
Buildings and greenhouses |
|
|
9,648 |
|
|
|
17,697 |
|
Assets in process |
|
|
643 |
|
|
|
1,019 |
|
|
|
|
405,491 |
|
|
|
418,283 |
|
Less: Accumulated depreciation |
|
|
(111,968 |
) |
|
|
(98,180 |
) |
|
|
$ |
293,523 |
|
|
$ |
320,103 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | May 30, 2025 | Showing above |
| 2024 | May 30, 2024 | |
| 2023 | Jun 22, 2023 | |
| 2022 | May 31, 2022 | |
| 2021 | Jun 1, 2021 | |
| 2020 | Jun 1, 2020 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.