---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-101594"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T15:00:47.705911+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth raises up to $50M in private placement of units at $1.09/unit

## Summary
- Initial closing: 22,929,468 units at $1.09/unit for $25M gross proceeds.
- Over-allotment option for additional $25M (22,929,468 units) exercisable by Nov 2, 2023.
- Each unit consists of one common share and one five-year warrant with $1.35 exercise price.
- Net proceeds ~$23M (or ~$47M if full over-allotment) used for working capital/general corporate purposes.
- Placement agents: ATB Capital Markets and A.G.P./Alliance Global Partners; 5% cash fee.

## SEC filing metadata
- accession: 0001104659-23-101594
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465923101594/0001104659-23-101594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465923101594/tm2326322d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-101594
- JSON: https://secwatch.observer/filing/0001104659-23-101594.json
- Plain text: https://secwatch.observer/filing/0001104659-23-101594.txt

## Key facts
- Material Agreements
  Canopy Growth Corp entered into Subscription Agreements with certain institutional investors valued at $50,000,000 (effective 2023-09-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: $50,000,000
  - Effective: 2023-09-18
  source text: On September 18, 2023, Canopy Growth Corporation (the “Company”), entered into Subscription Agreements (collectively, the “Subscription Agreements”) with certain institutional investors (collectively, the “Investors”) pursuant to which the Company agreed sell to the Investors up to an aggregate of $50,000,000 of securities of the Company in a private placement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000110465923101594/0001104659-23-101594-index.htm

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