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Segment Information | 3 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Information | 24. SEGMENT INFORMATION Reportable segments The Company reports its financial results for the following two reportable segments: • Cannabis - includes the global production, distribution and sale of a diverse range of cannabis and cannabis-related products. Sales in Canada are pursuant to the Cannabis Act, while international sales are pursuant to applicable international legislation, regulations and permits; and • Storz & Bickel - includes the production, distribution and sale of vaporizers and accessories. These segments reflect how the Company’s operations are managed, how the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), allocates resources and evaluates performance, and how the Company’s internal management financial reporting is structured. The Company’s CODM evaluates the performance of these segments, with a focus on (i) segment net revenue, and (ii) segment gross margin as the measure of segment profit or loss. Accordingly, information regarding segment net revenue and segment gross margin for the comparative periods has been restated to reflect the aforementioned change in reportable segments.
|  | Three months ended |
|  | June 30, |  |  | June 30, |
|  | 2026 |  |  | 2025 |
Segmented net revenue |  |  |  |  |  |
Cannabis |  | $ | 65,085 |  |  | $ | 56,98 2 |
Storz & Bickel |  |  | 16,080 |  |  |  | 15,152 |
|  | $ | 81,165 |  |  | $ | 72,134 |
Segmented gross margin: |  |  |  |  |  |
Cannabis |  | $ | 14,457 |  |  | $ | 13,591 |
Storz & Bickel |  |  | 7,781 |  |  |  | 4,447 |
|  |  | 22,238 |  |  |  | 18,038 |
Selling, general and administrative expenses |  |  | 40,223 |  |  |  | 38,108 |
Share-based compensation |  |  | 1,359 |  |  |  | (99 | )
Loss on asset impairment and restructuring |  |  | 2,766 |  |  |  | 2,653 |
Operating loss |  |  | (22,110 | ) |  |  | (22,624 | )
Other income (expense), net |  |  | 7,402 |  |  |  | (21,946 | )
Loss before incomes taxes |  | $ | (14,708 | ) |  | $ | (44,570 | )
Asset information by segment is not provided to, or reviewed by, the Company’s CODM as it is not used to make strategic decisions, allocate resources, or assess performance. Entity-wide disclosures Disaggregation of net revenue by geographic area:
|  | Three months ended |
|  | June 30, |  |  | June 30, |
|  | 2026 |  |  | 2025 |
Canada |  | $ | 54,940 |  |  | $ | 48,228 |
Germany |  |  | 17,590 |  |  |  | 14,381 |
United States |  |  | 6,229 |  |  |  | 5,972 |
Other |  |  | 2,406 |  |  |  | 3,553 |
|  | $ | 81,165 |  |  | $ | 72,134 |
Disaggregation of property, plant and equipment by geographic area:
|  | June 30, |  |  | March 31, |
|  | 2026 |  |  | 2026 |
Canada |  | $ | 260,674 |  |  | $ | 265,362 |
Germany |  |  | 49,896 |  |  |  | 50,406 |
Other |  |  | 633 |  |  |  | 726 |
|  | $ | 311,203 |  |  | $ | 316,494 |
For the three months ended June 30, 2026, two customers represented greater than 10% of the Company’s net revenue (three months ended June 30, 2025 – one).

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