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Property, Plant and Equipment | 12 Months Ended
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Mar. 31, 2018
Disclosure Of Property Plant And Equipment [Abstract] |
Property, Plant and Equipment |
9. | Property, plant and equipment
A continuity of property, plant and equipment for the year ended March 31, 2018 is as follows:
COST |
|  | Balance at |  |  |  |  |  |  |  |  |  |  | Disposal of |  |  |  |  |  |  | Balance at |
|  | April 1, |  |  |  |  |  |  | Additions from |  |  | consolidated |  |  | Transfers/ |  |  | March 31, |
|  | 2017 |  |  | Additions |  |  | acquisitions |  |  | entity |  |  | disposals |  |  | 2018 |
Computer equipment |  | $ | 4,181 |  |  | $ | 1,219 |  |  | $ | - |  |  | $ | (101 | ) |  | $ | 942 |  |  | $ | 6,241 |
Office/lab equipment |  |  | 831 |  |  |  | 626 |  |  |  | - |  |  |  | (16 | ) |  |  | 279 |  |  |  | 1,720 |
Furniture and fixtures |  |  | 875 |  |  |  | 348 |  |  |  | 109 |  |  |  | - |  |  |  | 49 |  |  |  | 1,381 |
Production equipment |  |  | 11,132 |  |  |  | 4,511 |  |  |  | 468 |  |  |  | (2,619 | ) |  |  | 15,272 |  |  |  | 28,764 |
Leasehold improvements |  |  | 17,155 |  |  |  | 338 |  |  |  | - |  |  |  | - |  |  |  | 4,989 |  |  |  | 22,482 |
Building and improvements |  |  | 43,449 |  |  |  | 3,799 |  |  |  | - |  |  |  | (5,066 | ) |  |  | 25,331 |  |  |  | 67,513 |
Greenhouse and improvements |  |  | 3,528 |  |  |  | 106 |  |  |  | - |  |  |  | - |  |  |  | 461 |  |  |  | 4,095 |
Land and improvements |  |  | 2,397 |  |  |  | 5,728 |  |  |  | 345 |  |  |  | - |  |  |  | - |  |  |  | 8,470 |
Warehouse equipment |  |  | - |  |  |  | 138 |  |  |  | - |  |  |  | - |  |  |  | 29 |  |  |  | 167 |
Assets in process |  |  | 19,302 |  |  |  | 201,509 |  |  |  | 5,164 |  |  |  | - |  |  |  | (48,977 | ) |  |  | 176,998 |
Total |  | $ | 102,850 |  |  | $ | 218,322 |  |  | $ | 6,086 |  |  | $ | (7,802 | ) |  | $ | (1,625 | ) |  | $ | 317,831 |
ACCUMULATED DEPRECIATION |
|  | Balance at |  |  |  |  |  |  | Disposal of |  |  |  |  |  |  | Balance at |
|  | April 1, |  |  |  |  |  |  | consolidated |  |  | Transfers/ |  |  | March 31, |
|  | 2017 |  |  | Depreciation |  |  | entity |  |  | disposals |  |  | 2018 |
Computer equipment |  | $ | 889 |  |  | $ | 1,043 |  |  | $ | (31 | ) |  | $ | (1 | ) |  | $ | 1,900 |
Office/lab equipment |  |  | 82 |  |  |  | 404 |  |  |  | (5 | ) |  |  | (2 | ) |  |  | 479 |
Furniture and fixtures |  |  | 82 |  |  |  | 137 |  |  |  | - |  |  |  | (1 | ) |  |  | 218 |
Production equipment |  |  | 1,038 |  |  |  | 2,539 |  |  |  | (587 | ) |  |  | (260 | ) |  |  | 2,730 |
Leasehold improvements |  |  | 1,930 |  |  |  | 1,510 |  |  |  | - |  |  |  | 12 |  |  |  | 3,452 |
Building and improvements |  |  | 2,182 |  |  |  | 2,920 |  |  |  | (217 | ) |  |  | (64 | ) |  |  | 4,821 |
Greenhouse and improvements |  |  | 358 |  |  |  | 155 |  |  |  | - |  |  |  | - |  |  |  | 513 |
Land and improvements |  |  | 19 |  |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 30 |
Warehouse equipment |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | 6 |
Total |  |  | 6,580 |  |  |  | 8,725 |  |  |  | (840 | ) |  |  | (316 | ) |  |  | 14,149 |
Net book value |  | $ | 96,270 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 303,682 |
9. | Property, plant and equipment (continued)
During the year ended March 31, 2018, the assets in process additions were $201,509 of which $71,155, $64,813, and $43,847 related to the expansion or growing operations at both BC locations, Smiths Falls Ontario, and Niagara-on-the-Lake, respectively. The remaining $21,694 was for ongoing projects at the Company’s other subsidiaries. On September 7, 2017, the Company acquired the parcel of land including an operational greenhouse adjacent to its current greenhouse facility in Niagara-on-the Lake. The purchase price of $8,865 was partially settled through the payment on closing of $6,000 cash and the issuance of 111,366 common shares with a value of $1,003. The balance will be paid through the issuance of common shares to a value of $2,000 calculated at the 5-day volume weighted average price (“VWAP”) on the earlier of the completion of the facility’s renovation and September 7, 2018. The value to be paid was discounted to arrive at the initial present value of the obligation of $1,862. The Company also capitalized $71 of acquisition costs. The newly acquired greenhouse is undergoing improvements and is recorded in assets in process. A continuity of property, plant and equipment for the year ended March 31, 2017 is as follows:
COST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Balance at |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Balance at |
|  | April 1, |  |  |  |  |  |  | Additions from |  |  | Transfers/ |  |  | March 31, |
|  | 2016 |  |  | Additions |  |  | acquisitions |  |  | disposals |  |  | 2017 |
Computer equipment |  | $ | 958 |  |  | $ | 886 |  |  | $ | 313 |  |  | $ | 2,024 |  |  | $ | 4,181 |
Office/lab equipment |  |  | 935 |  |  |  | 536 |  |  |  | 408 |  |  |  | (1,048 | ) |  |  | 831 |
Furniture and fixtures |  |  | 2,428 |  |  |  | 1,343 |  |  |  | 26 |  |  |  | (2,922 | ) |  |  | 875 |
Production equipment |  |  | 1,543 |  |  |  | 1,668 |  |  |  | 3,789 |  |  |  | 4,132 |  |  |  | 11,132 |
Leasehold improvements |  |  | 37,620 |  |  |  | 2,972 |  |  |  | 229 |  |  |  | (23,666 | ) |  |  | 17,155 |
Building and improvements |  |  | 136 |  |  |  | 6,551 |  |  |  | 12,449 |  |  |  | 24,313 |  |  |  | 43,449 |
Greenhouse and improvements |  |  | 2,951 |  |  |  | - |  |  |  | - |  |  |  | 577 |  |  |  | 3,528 |
Land and improvements |  |  | 723 |  |  |  | 420 |  |  |  | 1,000 |  |  |  | 254 |  |  |  | 2,397 |
Warehouse equipment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Assets in process |  |  | 403 |  |  |  | 18,771 |  |  |  | 5,138 |  |  |  | (5,010 | ) |  |  | 19,302 |
Total |  |  | 47,697 |  |  |  | 33,147 |  |  |  | 23,352 |  |  |  | (1,346 | ) |  |  | 102,850 |
ACCUMULATED DEPRECIATION |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Balance at |  |  |  |  |  |  |  |  |  |  | Balance at |
|  | April 1, |  |  |  |  |  |  | Transfers/ |  |  | March 31, |
|  | 2016 |  |  | Depreciation |  |  | disposals |  |  | 2017 |
Computer equipment |  | $ | 255 |  |  | $ | 516 |  |  | $ | 118 |  |  | $ | 889 |
Office/lab equipment |  |  | 157 |  |  |  | 266 |  |  |  | (341 | ) |  |  | 82 |
Furniture and fixtures |  |  | 223 |  |  |  | 356 |  |  |  | (497 | ) |  |  | 82 |
Production equipment |  |  | 139 |  |  |  | 279 |  |  |  | 620 |  |  |  | 1,038 |
Leasehold improvements |  |  | 1,714 |  |  |  | 2,455 |  |  |  | (2,239 | ) |  |  | 1,930 |
Building and improvements |  |  | 14 |  |  |  | 156 |  |  |  | 2,012 |  |  |  | 2,182 |
Greenhouse and improvements |  |  | 211 |  |  |  | 118 |  |  |  | 29 |  |  |  | 358 |
Land and improvements |  |  | - |  |  |  | - |  |  |  | 19 |  |  |  | 19 |
Warehouse equipment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 2,713 |  |  |  | 4,146 |  |  |  | (279 | ) |  |  | 6,580 |
Net book value |  | $ | 44,984 |  |  |  |  |  |  |  |  |  |  | $ | 96,270 |
The $23,666 cost adjustment from leasehold improvements is largely due to improvements which were made to the facility in Smiths Falls Ontario which were transferred to building and improvements upon acquisition on January 13, 2017. On January 13, 2017, the Company acquired the 472,000 square foot property at 1 Hershey Drive that currently houses Canopy Growth’s headquarters and the Tweed production facilities for $7,163, including transaction costs of $179, from Tweed Hershey Drive Inc. (“Tweed Hershey”). Tweed Hershey was related through common ownership (the Company’s CEO and Chairman is a significant shareholder of Tweed Hershey). The purchase price was partially settled with the issuance of 94,397 of the Company’s common shares with a value of $858 and the rent deposit of $450. The shares were subject to a 4-month lockup. The remainder was paid in cash on closing. The portion of the facility that is not currently being used by the Company has been recorded in assets in process.
9. | Property, plant and equipment (continued)
Of the $1,346 net cost disposals/adjustments, $632 was transferred to intangibles as these amounts were composed of software. Refer to Note 11. During the year ended March 31, 2017, the assets in process additions were $18,771 of which $15,997 related principally to the expansion or growing operations at Tweed in Smiths Falls Ontario.

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