This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We have a five-year capital plan that addresses replacing key aged and fully depreciated assets in our manufacturing facilities. Year to date, we've made capitalinvestments of 15.5 million, compared to a depreciation and amortization expense of 8.9 million for the same period. In addition to funding the 15.5
And as the Canadian cannabis market continues to mature and consolidate, we expect excess capacity within the industry to present Canopy with tangible opportunities to accelerate speed to market, avoid capitalinvestments until critical sales volumes are achieved, and to provide us with surge capacity during peak periods.
federal legalization. In Germany, our medical cannabis revenue surged by 47% from the first to second quarter, demonstrating the rapidly rising demand in Germany's medical market since legalization and Canopy's positioning as one of the long-term players within that market. In Poland, our revenues grew 200% year over year.
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings or legal settlements. We remain focused on driving efficiencies across the business, which enables us to invest to support the strong growth we're seeing in AWS, including generative AI, which brings us to capitalinvestments.
As a reminder, given recent and ongoing capitalinvestments, we expect a significant increase in depreciation expense in 2025 as we bring online additional facilities. And I know there is definitely some depreciation benefit flowing through this year that probably wanes into next year.
Many of these stores had been underinvested in for years and the capitalinvestment required to fix them could not deliver an acceptable rate of return. Adjusted SG&A increased primarily from temporary labor for Dollar Tree's multi-price rollout, higher depreciation and amortization and sales deleverage.
We returned cash to shareholders and deployed most of our capitalinvestments to brewery expansions to support the growth of our beer business, and we continue to conduct tuck-in gap-filling acquisitions that are aligned with consumer-led trends and complemented our portfolio. Moving on to marketing.
We believe that the opportunity existed to lead or co-lead the vast majority of our private loan investments, whereby we were able to directly manage the due diligence, the loan documentation, and the post-investment process. Some of it may end up moving into the fourth quarter. The economy can also change. and getting to a closing.
Sarah is a lawyer by training and has more than two decades of legal, human resources, and operational experience. Depreciation contributed negative $0.02, and interest expense contributed a negative penny, excluding the impacts of our Empire bond securitization. Sean Steuart -- Analyst OK.
In Q4, we also recognized $845 million of advanced manufacturing investment credits, or AMIC, as defined in the CHIPS Act. We expect depreciation to grow by approximately $2 billion in 2024, in addition to a significant increase in variable factory start-up costs. Europe, and Israel. While our continued IDM 2.0
Depreciation and amortization expense increased to $1 million for the three months ended June 30, 2023, versus $0.4 Looking forward to 2024, we expect to see continued moderated investment levels, but perhaps further increases in our working capitalinvestments as our business continues its strong growth trajectory.
The Canadian dollar depreciated against the U.S. This had a positive impact on investment returns with a foreign currency gain of $25 billion. Closed a C$230 million investment in the term loans of Legal Search, a provider of property- and corporate-related search services in Australia, the U.K., and the U.S. We own a 16.3%
During the three months ended April 30, domestic cost of goods sold per ton increased by 3%, and those cost increases were driven by labor, repair costs, depreciation, and freight costs compared to the prior year. So yes, our weighted average cost of capital is just under 9%.
We also expect savings from the capitalinvestments we made in Monterey, Vietnam, and Roseau, which include new paint systems and back shop vertical integration. So, as you think about -- you think about 2024 and opex, we're going to -- we've kept a similar run rate for legal, not the fourth quarter run rate but the full year.
While early market euphoria has given way to operational reality, Grand View Research projects the global legal cannabis market will reach $102.24 Aurora delivered record adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) of 10.1 billion by 2030. This represents a compound annual growth rate of 25.7%
In Japan, financial pressures caused some customers to delay capitalinvestment decisions. With respect to our manufacturing expansion and capitalinvestment plans. As a result, and as we have previously indicated, we expect a significant increase in depreciation expense in 2025. Fourth quarter revenue was $2.41
Our guidance assumes, among other things, that we don't conclude any additional business acquisitions, restructurings, or legal settlements. Now turning to our capitalinvestments. Capitalinvestments were $26.3 And we think that run rate will be reasonably representative of our 2025 capitalinvestment rate.
In India, while the approved list of module manufacturers, or ALMM, has been effective in incentivizing domestic manufacturing investment, pauses in the application of this law and the related impacts on domestic pricing have put progress at risk. Turning to the EU.
Before we start, I would like to remind you of our legal disclaimer that we will make certain statements today that are forward-looking within the meaning of the federal securities laws, including statements about the outlook of our business and other matters referenced in our press release issued today.
During the call, Jim, John, and Devina will discuss operating EBITDA, which is income from operations before depreciation and amortization. Fish -- President and Chief Executive Officer But we're still on track, though to -- we said last quarter, we expected by the end of this year, we would have spent about 75% of the total capital.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content