---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-068499"
form_type: "8-K"
ticker: "CGC"
cik: "0001737927"
company_name: "Canopy Growth Corp"
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:18:43.118271+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Canopy Growth exercises Acreage share option, acquires $99.8M debt, closes Wana/Jetty buys

## Summary
- Exercised Fixed Share Call Option to acquire all Acreage Class E shares; closing subject to conditions.
- Acquired ~US$99.8M of Acreage debt for US$69.8M cash plus release of US$30.1M escrowed option premium.
- Canopy USA completed acquisitions of Wana Wellness, CIMA, and ~77% of Jetty on May 31, 2024.
- Mountain High Products acquisition expected to close in H1 FY2025 pending regulatory approval.
- Optionor acquired call right over remaining US$45.6M debt interest, pricing from par to 114.25%.

## SEC filing metadata
- accession: 0001104659-24-068499
- form_type: 8-K
- ticker: CGC
- cik: 0001737927
- company_name: Canopy Growth Corp
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737927/000110465924068499/0001104659-24-068499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737927/000110465924068499/tm2416367d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-068499
- JSON: https://secwatch.observer/filing/0001104659-24-068499.json
- Plain text: https://secwatch.observer/filing/0001104659-24-068499.txt

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