secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001193125-23-102220
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canopy Growth refinances C$100M of 4.25% notes due 2023 with new promissory note due Dec 2024
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- Extinguished C$100M (US$73.9M) 4.25% notes due 2023 via exchange with Constellation Brands subsidiary GCILP.
- Issued promissory note for C$100M payable Dec 31, 2024, at 4.25% interest due at maturity.
- Paid accrued interest in cash to GCILP; transaction closed on April 14, 2023.
- Plans to later exchange promissory note for new non-voting exchangeable shares to preserve cash.
- Transaction is a related party transaction; directors affiliated with CBI abstained; exempt from minority approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000119312523102220/0001193125-23-102220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000119312523102220/d420382d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-102220

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