---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-093062"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:46:48.620326+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth sells Smiths Falls facility to Hershey Canada for CAD$53M

## Summary
- Asset sale of Hershey Drive facility to Hershey Canada Inc. for approx. CAD$53M cash; close expected Sept 2023.
- Proceeds will primarily pay down senior secured credit facility.
- Since Apr 1 2023, Co. sold seven properties for ~CAD$155M aggregate gross.
- Thomas Stewart transitions from CAO/PAO to VP Finance; CFO Judy Hong becomes new Principal Accounting Officer.

## SEC filing metadata
- accession: 0001104659-23-093062
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465923093062/0001104659-23-093062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465923093062/tm2324017d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-093062
- JSON: https://secwatch.observer/filing/0001104659-23-093062.json
- Plain text: https://secwatch.observer/filing/0001104659-23-093062.txt

## Key facts
- Executive change
  Thomas Stewart changed role as Vice President, Finance at Canopy Growth Corp.
  - Action: transitioned
  - Role: Vice President, Finance
  source text: Thomas Stewart, who had been serving as the Company’s Chief Accounting Officer and Principal Accounting Officer, transitioned to the position of Vice President, Finance of the Company and is no longer serving as the Company’s Principal Accounting Officer as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000110465923093062/0001104659-23-093062-index.htm
- Executive change
  Judy Hong changed role as Principal Accounting Officer at Canopy Growth Corp.
  - Action: designated
  - Role: Principal Accounting Officer
  source text: Effective as of Mr. Stewart’s transition on August 14, 2023, Judy Hong, the Company’s Chief Financial Officer (“CFO”) and Principal Financial Officer, was designated as the Company’s Principal Accounting Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000110465923093062/0001104659-23-093062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.