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Earnings (Loss) Per Share (Tables)

9 Months Ended

Dec. 31, 2022

Basic and diluted earnings (loss) per share are calculated using the following numerators and denominators:


	Three months ended						Nine months ended
	December 31,			December 31,			December 31,			December 31,
	2022			2021			2022			2021
Basic (loss) earnings per share computation
Net (loss) income attributable to common shareholders of Canopy Growth	$	(261,583	)	$	(108,925	)	$	(2,566,537	)	$	272,435
Weighted average number of common shares outstanding		486,112,598			393,818,282			453,237,882			390,423,083
Basic (loss) earnings per share	$	(0.54	)	$	(0.28	)	$	(5.66	)	$	0.70

Diluted (loss) earnings per share computation
Net (loss) income used in the computation of basic (loss) earnings per share	$	(261,583	)	$	(108,925	)	$	(2,566,537	)	$	272,435
Numerator adjustments for diluted (loss) earnings per share:
Adjustment to net loss attributable to noncontrolling interests and redeemable noncontrolling interest		-			-			-			(13,100	)
Removal of fair value changes on unsecured senior notes		-			-			-			(81,342	)
Net (loss) income used in the computation of diluted (loss) earnings per share	$	(261,583	)	$	(108,925	)	$	(2,566,537	)	$	177,993

Weighted average number of common shares outstanding used in the computation of basic (loss) earnings per share		486,112,598			393,818,282			453,237,882			390,423,083
Denominator adjustments for diluted (loss) earnings per share:
Dilutive impact of assumed exercise or conversion of:
Unsecured senior notes		-			-			-			12,454,620
Redeemable noncontrolling interest		-			-			-			4,528,898
Stock options		-			-			-			745,700
Other securities		-			-			-			2,834,501
Weighted average number of common shares for computation of diluted (loss) earnings per share		486,112,598			393,818,282			453,237,882			410,986,802
Diluted (loss) earnings per share1	$	(0.54	)	$	(0.28	)	$	(5.66	)	$	0.43

1 In computing diluted earnings per share, incremental common shares are not considered in periods in which a net loss is reported, as the inclusion of the common share equivalents would be anti-dilutive.