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Post by Medecine Man on Jun 29, 2016 19:50:59 GMT -5
Q4 2016 Canopy Growth Corp Earnings Call
I may surprise you by saying I find this to be one of the more relaxing mornings of the quarter when I get to have you on a call only because it means we've kind of hit a finish line and we can pause for an hour or two and then go back to work pushing towards the next finish line.
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Post by Medecine Man on Jun 29, 2016 20:52:34 GMT -5
Canopy Growth Quarterly Sales Soar to $5mm
Canopy Growth Corporation Reports Fourth Quarter and Fiscal Year 2016 Financial Results
Fiscal year revenues increased 4-fold and licensed production space doubled year over year
New Cannabis Ventures looks at CGC 4th quarter
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Post by Medecine Man on Jun 30, 2016 14:01:52 GMT -5
Consolidated financial statements of Canopy Growth Corporation (Formerly Tweed Marijuana Inc.) for the year ended March 31, 2016 and the fifteen-month period ended March 31, 2015 (in Canadian dollars) Independent Auditor’s Report
To the Shareholders of Canopy Growth Corporation
Deloitte LLP
1600 – 100 Queen Street Ottawa ON K1P 5T8 Canada
Tel: 613-236-2442 Fax: 613-236-2195 www.deloitte.ca
We have audited the accompanying consolidated financial statements of Canopy Growth Corporation (formerly Tweed Marijuana Inc.), which comprise the consolidated statements of financial position as at March 31, 2016 and 2015, and the consolidated statements of net loss and comprehensive loss, consolidated statements of changes in shareholders’ equity and consolidated statements of cash flows for the year ended March 31, 2016 and the fifteen-month period ended March 31, 2015, and a summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of Canopy Growth Corporation as at March 31, 2016 and 2015, and its financial performance and its cash flows for the year ended March 31, 2016 and the fifteen-month period ended March 31, 2015, in accordance with International Financial Reporting Standards.
s/ Deloitte LLP
Chartered Professional Accountants Licensed Public Accountants
June 26, 2016
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