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.