---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-003768"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:58:52.922268+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth terminates $30M private placement agreement with institutional investors

## Summary
- Agreed to sell 6,993,007 units at $4.29/unit for approx. $30M on Jan 9; terminated Jan 12 due to third-party delays.
- Termination was mutual; company states sufficient liquidity via cash on hand, debt facilities, and other sources.
- Company expects to report fiscal Q3 results on February 9, 2024.
- No securities were sold; no placement fees owed as proceeds not received.

## SEC filing metadata
- accession: 0001104659-24-003768
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465924003768/0001104659-24-003768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465924003768/tm243300d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-003768
- JSON: https://secwatch.observer/filing/0001104659-24-003768.json
- Plain text: https://secwatch.observer/filing/0001104659-24-003768.txt

## Key facts
- Material Agreements
  Canopy Growth Corp entered into Subscription Agreements with certain institutional investors valued at approximate gross proceeds of US$30 million (effective 2024-01-09).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: approximate gross proceeds of US$30 million
  - Effective: 2024-01-09
  source text: On January 9, 2024, 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 an aggregate of 6,993,007 units
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000110465924003768/0001104659-24-003768-index.htm
- Material Agreements
  Canopy Growth Corp terminated Subscription Agreements with certain institutional investors (effective 2024-01-12).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Effective: 2024-01-12
  source text: , 2024, 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737927/000110465924003768/0001104659-24-003768-index.htm

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