Canopy Growth Corp T.WEED

Alternate Symbol(s): T.WEED.DB | CGC

Healthcare Cannabis

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.

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Canopy Growth Corp

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Post by StudentRon Feb 24, 2016 9:39am

168 Views

Post# 24588679

Income Statement Question

Hi everyone,

I tried to do some of my own research but was not finding many answers.

I was looking at their financial statements and saw that its reports "Unrealized gain on changes in fair value of biological assets". Does anyone know what exactly this means and why it is reported as revenue? As well, what is the accounting method used to record it.
ie. is it continiously recorded every quarter? or is only the new unrealized gain recorded each quarter?

Thanks

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