---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-105619"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:25:57.734455+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth sells Hershey Drive facility for CAD $53M; total property sales since April 1 reach $155M

## Summary
- Sold Hershey Drive facility to Hershey Canada, Inc. for approx. CAD $53M cash.
- Net proceeds primarily used to pay down senior secured credit facility.
- Since April 1, 2023, sold total of 7 properties for aggregate gross proceeds ~CAD $155M.
- CEO David Klein cites continued transformation to simplified, asset-light operating model.

## SEC filing metadata
- accession: 0001104659-23-105619
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465923105619/0001104659-23-105619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465923105619/tm2327293d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-105619
- JSON: https://secwatch.observer/filing/0001104659-23-105619.json
- Plain text: https://secwatch.observer/filing/0001104659-23-105619.txt

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