Canopy Growth (CGC) Asset Writedowns and Impairment (2020 - 2023)
Canopy Growth's (CGC) quarterly Asset Writedowns and Impairment came in at $7.9 million in Q2 2023, down 99.42% year-over-year from $1.4 billion in Q2 2022, and down 97.14% quarter-over-quarter from $275.7 million in Q1 2023.
Analysis
Canopy Growth (CGC) Asset Writedowns and Impairment (2020 - 2023) Analysis & Trends
Canopy Growth has disclosed Asset Writedowns and Impairment across 4 years of filings, most recently posting $7.9 million for Q2 2023.
- In Q2 2023, Asset Writedowns and Impairment fell 99.42% year-over-year to $7.9 million; the TTM figure through Jun 2023 stood at $379.0 million (down 75.59% YoY), while the FY2023 annual figure was $1.6 billion, up 526.97% from the prior year.
- Asset Writedowns and Impairment came in at $7.9 million for Q2 2023 at Canopy Growth, down from $275.7 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $1.4 billion in Q2 2022 to a low of -$809503.1 in Q3 2021.
- Average Asset Writedowns and Impairment over 4 years is $213.2 million, with a median of $76.3 million recorded in 2021.
- Year-over-year, Asset Writedowns and Impairment soared 10927.04% in 2022 and slumped 99.42% in 2023.
- Over 4 years, Asset Writedowns and Impairment stood at $270.5 million in 2020, then tumbled by 90.45% to $25.8 million in 2021, then slumped by 69.77% to $7.8 million in 2022, then advanced by 0.88% to $7.9 million in 2023.
- Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $7.9 million in Q2 2023, $275.7 million in Q1 2023, and $7.8 million in Q4 2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn |
| 2 | Trulieve Cannabis | 2.26 Bn | 1.94 Bn | 162.29 Mn |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn |
| 6 | Vireo Growth | 547.80 Mn | 405.50 Mn | 95.30 Mn |
| 7 | Tilray Brands | 473.05 Mn | 238.42 Mn | 90.52 Mn |
| 8 | Verano Holdings | 438.09 Mn | 352.89 Mn | 99.70 Mn |
| 9 | Canopy Growth | 407.15 Mn | 160.14 Mn | 16.08 Mn |
| 10 | Sndl | 363.83 Mn | 231.28 Mn | 40.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2023 | 7.88 Mn |
| Mar 31, 2023 | 275.71 Mn |
| Dec 31, 2022 | 7.81 Mn |
| Sep 30, 2022 | 87.65 Mn |
| Jun 30, 2022 | 1.35 Bn |
| Mar 31, 2022 | 173.45 Mn |
| Dec 31, 2021 | 25.83 Mn |
| Sep 30, 2021 | -809,503.09 |
| Jun 30, 2021 | 66.47 Mn |
| Mar 31, 2021 | 76.32 Mn |
| Dec 31, 2020 | 270.49 Mn |