secwatch / observer

Canopy Growth Corp — fact timeline

Source-grounded facts extracted from Canopy Growth Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

CGC Canopy Growth Corp JSON
Earnings Releases

Canopy Growth Corp reported the fiscal year ended March 31, 2026 results: revenue $284.6M.

“Consolidated net revenue in FY2026 was $284.6M, an increase of 6% compared to the fiscal year ended March 31, 2025 (" FY2025").”
Earnings Releases

Canopy Growth Corp reported the fiscal fourth quarter ended March 31, 2026 results: revenue $71.2M.

“Consolidated net revenue of $71.2M in Q4 FY2026 increased 10% over the same period in the prior year.”
Governance Changes

Canopy Growth Corp: Board approved By-Law No. 2 Advance Notice By-Law, establishing a formal framework for shareholder nominations of directors, effective May 26, 2026, subject to shareholder confirmation (effective 2026-05-26).

“On May 26, 2026, the Board of Directors (the “Board”) of Canopy Growth Corporation (the “Company”) approved By-Law No. 2 Advance Notice By-Law (the “Advance Notice By-Law”), which is an amendment to its current bylaws. The Advance Notice By-Law became effective upon its approval by the Board.”
Auditor Changes

Canopy Growth Corp reported that prior financial statements should not be relied upon.

“the audit committee of the board of directors of the Company (the “Audit Committee”) was made aware of and, after discussion with senior management of the Company, concluded that the Company’s previously issued (i) audited consolidated financial statements for the fiscal year ended March 31, 2024, included in the Company’s Annual Report on Form 10-K for such fiscal year (the “2024 10-K”), (ii) audited consolidated financial statements for the fiscal year ended March 31, 2025, included in the Company’s Annual Report on Form 10-K for such fiscal year (the “2025 10-K”) and (iii) unaudited consolidated financial statements for the quarterly periods ended September 30, 2023, December 31, 2023, June 30, 2024, September 30, 2024, December 31, 2024, June 30, 2025, September 30, 2025, and December 31, 2025, included in the Company’s Quarterly Reports on Form 10-Q for such quarterly periods (collectively, the “Prior Financial Statements”), should no longer be relied upon”
Equity Issuances

Canopy Growth Corp issued 9,493,670 Common Shares of common stock to MMCAP International Inc. SPC for Issued as partial consideration under Exchange Agreement for delivery of C$96,358,375 principal amount of old convertible debentures.

“the Investor delivered to the Company C$96,358,375 aggregate principal amount of senior unsecured convertible debentures of the Company maturing in May 2029 held by the Investor in exchange for (A) the Company issuing to the Investor (i) new senior unsecured convertible debentures of the Company with an aggregate principal amount of C$55,000,000 maturing on July 8, 2031 (the “ Convertible Debentures ”), (ii) 12,731,481 common share purchase warrants (the “ Investor Warrants ” and together with the Loan Warrants, the “ Warrants ”) of the Company, and (iii) 9,493,670 Common Shares (the “ Exchange Shares ”)”
Equity Issuances

Canopy Growth Corp issued 12,731,481 common share purchase warrants of warrant to MMCAP International Inc. SPC for Issued in exchange for C$96,358,375 aggregate principal amount of senior unsecured convertible debentures.

“the Investor delivered to the Company C$96,358,375 aggregate principal amount of senior unsecured convertible debentures of the Company maturing in May 2029 held by the Investor in exchange for (A) the Company issuing to the Investor (i) new senior unsecured convertible debentures of the Company with an aggregate principal amount of C$55,000,000 maturing on July 8, 2031 (the “ Convertible Debentures ”), (ii) 12,731,481 common share purchase warrants (the “ Investor Warrants ””
Equity Issuances

Canopy Growth Corp issued 18,705,577 common share purchase warrants of warrant to Lenders for Issued in connection with Loan Agreement; lenders advanced US$150,000,000 under a senior secured loan.

“as lenders (the “ Lenders ”), and JGB Collateral LLC, as administrative and collateral agent (the “ Agent ”), pursuant to which, among other things, the Lenders advanced US$150,000,000 pursuant to a senior secured loan in the aggregate principal amount of US$162,115,000 (collectively, the “ Loans ” and such transaction, the “ Loan Transaction ”). The Loans were”
Material Agreements

Canopy Growth Corp entered into Exchange Agreement with MMCAP International Inc. SPC valued at C$96,358,375 aggregate principal amount of senior unsecured convertible debentures exchanged for C$5 (effective 2026-01-07).

“Exchange Agreement On January 7, 2026, the Company entered into an Exchange Agreement (the “ Exchange Agreement ”) with MMCAP International Inc. SPC (the “ Investor ”) pursuant to which, among other things, on January 8, 2026 (the “ Exchange Closing Date ”), the Investor delivered to the Company C$96,358,375 aggregate principal amount of senior unsecured convertible debentures of the Company maturing in May 2029 held by the Investor in exchange for (A) the Company issuing to the Investor (i) new senior unsecured convertible debentures of the Company with an aggregate principal amount of C$55,000,000 maturing on July 8, 2031 (the “ Convertible Debentures ”), (ii) 12,731,481 common share purchase warrants (the “ Investor Warrants ” and together with the Loan Warrants, the “ Warrants ”) of the Company, and (iii) 9,493,670 Common Shares (the “ Exchange Shares ”) and (B) a C$10,500,000 cash payment from the Company (collectively, the “ Exchange Transaction ” and together with the Loan Trans”
Material Agreements

Canopy Growth Corp entered into Loan and Guaranty Agreement with JGB Collateral LLC, as administrative and collateral agent, and the Lenders valued at US$150,000,000 advanced under senior secured loan in aggregate principal amount of US$162,115,000 (effective 2026-01-08).

“Loan Agreement On January 8, 2026, Canopy Growth Corporation (the “ Company ”) entered into a Loan and Guaranty Agreement (the “ Loan Agreement ”), by and among the Company, as a borrower, certain subsidiaries of the Company party thereto, as borrowers and/or guarantors, the parties identified therein as lenders (the “ Lenders ”), and JGB Collateral LLC, as administrative and collateral agent (the “ Agent ”), pursuant to which, among other things, the Lenders advanced US$150,000,000 pursuant to a senior secured loan in the aggregate principal amount of US$162,115,000 (collectively, the “ Loans ” and such transaction, the “ Loan Transaction ”).”
Debt Financings

Canopy Growth Corp incurred convertible notes of C$55,000,000 with MMCAP International Inc. SPC at 7.50% per annum maturing July 8, 2031.

“new senior unsecured convertible debentures of the Company with an aggregate principal amount of C$55,000,000 maturing on July 8, 2031 (the “ Convertible Debentures ”)”
Debt Financings

Canopy Growth Corp incurred term loan of US$162,115,000 with JGB Collateral LLC at Term SOFR (floor 3.25%) + 6.25% per annum maturing January 31, 2031 or 120 days prior to maturity of Convertible Debentures.

“On January 8, 2026, Canopy Growth Corporation (the “ Company ”) entered into a Loan and Guaranty Agreement (the “ Loan Agreement ”), by and among the Company, as a borrower, certain subsidiaries of the Company party thereto, as borrowers and/or guarantors, the parties identified therein as lenders (the “ Lenders ”), and JGB Collateral LLC, as administrative and collateral agent (the “ Agent ”), pursuant to which, among other things, the Lenders advanced US$150,000,000 pursuant to a senior secured loan in the aggregate principal amount of US$162,115,000 (collectively, the “ Loans ” and such transaction, the “ Loan Transaction ”).”
Material Agreements

Canopy Growth Corp entered into Arrangement Agreement with MTL Cannabis Corp. valued at approximately 38 million Canopy Growth Shares and C$17 million in cash in the aggregate (effective 2025-12-14).

“On December 14, 2025, Canopy Growth Corporation (“Canopy Growth”) entered into an arrangement agreement (the “Arrangement Agreement”) with MTL Cannabis Corp. (“MTL”) pursuant to which, among other things, Canopy Growth agreed to acquire all of the issued and outstanding common shares in the capital of MTL”

David Klein departed as Chief Executive Officer at Canopy Growth Corp.

“Mr. Klein will continue in his role as CEO and a member of the Board until the Start Date, at which time Mr. Klein will step down from the Board and will serve as Special Advisor”

Luc Mongeau was appointed as Chief Executive Officer at Canopy Growth Corp.

“appointed Luc Mongeau, a current member of the Board, to serve as Chief Executive Officer (“CEO”) of the Company (the “Appointment”), effective January 6, 2025”

David Klein changed role as Chief Executive Officer at Canopy Growth Corp.

“On August 15, 2024, Canopy Growth Corporation (the “Company”) entered into a Mutual Separation Agreement (the “Separation Agreement”) with David Klein, the Company’s Chief Executive Officer (“CEO”), pursuant to which Mr. Klein will remain as CEO until the earlier of: (i) March 31, 2025; or (ii) the date that a new CEO commences employment (the “End Date”).”
Material Agreements

Canopy Growth Corp amended Eighth Amendment to the Floating Share Arrangement Agreement with Canopy USA, LLC and Acreage Holdings, Inc. (effective 2024-05-08).

“On May 8, 2024, the Company, Canopy USA and Acreage entered into an eighth amendment to the Floating Share Arrangement Agreement (the “ Amendment ”).”
Debt Financings

Canopy Growth Corp incurred convertible notes of C$96,358,375 with MMCAP International Inc. SPC at 7.50% per annum maturing five years from the Closing Date.

“a new senior unsecured convertible debenture of the Company with an aggregate principal amount of C$96,358,375 maturing five years from the Closing Date (as defined below) (the “ Convertible Debenture ”)”
Material Agreements

Canopy Growth Corp entered into Exchange and Subscription Agreement with MMCAP International Inc. SPC valued at approximately C$27.5 million aggregate principal amount of Supreme Debentures (effective 2024-05-02).

“On May 2, 2024, the Company entered into an Exchange and Subscription Agreement (the “ Exchange and Subscription Agreement ”) with MMCAP International Inc. SPC (the “ Investor ”) pursuant to which, among other things, the Investor agreed to deliver to the Company approximately C$27.5 million aggregate principal amount of Supreme Debentures maturing in September 2025 held by the Investor and pay the Company approximately US$50 million in exchange for the Company issuing to the Investor (i) a new senior unsecured convertible debenture of the Company with an aggregate principal amount of C$96,358,375”
Material Agreements

Canopy Growth Corp entered into Second Amended and Restated Limited Liability Company Agreement with Canopy USA, LLC and its members, 11065520 Canada Inc. and the Huneeus 2017 Irrevocable Trust (effective 2024-04-30).

“On April 30, 2024, Canopy USA and its members, 11065520 Canada Inc. and the Huneeus 2017 Irrevocable Trust, entered into a Second Amended and Restated Limited Liability Company Agreement (the “ Second A&R LLC Agreement ”) which amended and restated the prior amended and restated limited liability company agreement of Canopy USA”
Material Agreements

Canopy Growth Corp terminated Investor Rights Agreement with CBG Holdings LLC and Greenstar Canada Investment Limited Partnership valued at Termination of second amended and restated investor rights agreement (effective 2024-04-18).

“In accordance with the Consent Agreement and as a result of the CBI Exchange, on April 18, 2024, CBG, Greenstar and Canopy Growth terminated the Investor Rights Agreement, along with an administrative services agreement, a co-development agreement and all other commercial arrangements between them and their subsidiaries, other than the Consent Agreement, certain termination agreements and the Exchange Agreement .”
Material Agreements

Canopy Growth Corp entered into Exchange Agreement with Greenstar Canada Investment Limited Partnership valued at Exchange of C$81.2 million principal amount of promissory note into 9,111,549 Exchangeable Shares; c (effective 2024-04-18).

“On April 18, 2024, in connection with the approval of the Exchangeable Shares Resolution and the creation of the Exchangeable Shares, the Company entered into an Exchange Agreement (the “ Exchange Agreement ”) with Greenstar Canada Investment Limited Partnership (“ Greenstar ”) , a wholly owned subsidiary of Constellation Brands, Inc. (“ CBI ”), pursuant to which Greenstar converted approximately C$81.2 million of principal amount of the C$100 million principal amount promissory note issued to Greenstar by Canopy Growth on April 14, 2023 (the “ Promissory Note ”) into 9,111,549 Exchangeable Shares (the “ Note Exchange ”), calculated based on a price per Exchangeable Share equal to C$8.91.”

James Sabia resigned as Director at Canopy Growth Corp.

“Garth Hankinson, Judy Schmeling and James Sabia each provided notice to the Company of his or her decision to resign from the Board effective immediately”

Judy Schmeling resigned as Director at Canopy Growth Corp.

“Garth Hankinson, Judy Schmeling and James Sabia each provided notice to the Company of his or her decision to resign from the Board effective immediately”

Garth Hankinson resigned as Director at Canopy Growth Corp.

“Garth Hankinson, Judy Schmeling and James Sabia each provided notice to the Company of his or her decision to resign from the Board effective immediately”
Shareholder Votes

Canopy Growth Corp shareholders approved Exchangeable Shares Resolution at the 2024-04-12 meeting.

“On April 12, 2024, Canopy Growth held the Special Meeting. A total of 91,114,604 Common Shares were entitled to vote as of February 12, 2024, the record date for the Special Meeting. There were 32,250,578 Common Shares represented at the Special Meeting, at which Canopy Growth’s shareholders were asked to consider, and if deemed advisable, pass the Exchangeable Shares Resolution, as described in more detail in Canopy Growth’s definitive proxy statement for the Special Meeting filed with the Securities and Exchange Commission on February 12, 2024. Set forth below are the final voting results with respect to the Exchangeable Shares Resolution. Votes For Votes Against Abstain Broker Non-Votes 30,818,252 1,313,601 118,725 — Based on the votes set forth above, Canopy Growth’s shareholders approved the Exchangeable Shares Resolution.”
Material Agreements

Canopy Growth Corp amended sixth amendment to the Floating Share Arrangement Agreement with Canopy USA, LLC and Acreage Holdings, Inc. (effective 2024-03-29).

“On March 29, 2024, the Company, Canopy USA and Acreage entered into a sixth amendment to the Floating Share Arrangement Agreement (the “ Amendment ”).”
Earnings Releases

Canopy Growth Corp reported fiscal third quarter ended December 31, 2023 results: revenue $79MM, net income $(230.3). Guidance reaffirmed.

“divestiture of the Canada national retail business in Q3 FY2023, Q3 FY2024 consolidated net revenue grew by 6% year-over-year. Delivered Q3 FY2024 consolidated net revenue of $79MM representing a decline of 7% year-over-year. • Rest-of-World cannabis revenue in Q3 FY2024 increased 81% year-over-year, led by continued strong growth in Australia, return to”
Material Agreements

Canopy Growth Corp entered into Subscription Agreements with certain institutional investors valued at US$35,000,000 (effective 2024-01-18).

“On January 18, 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 8,158,510 units (each a “Unit” and, collectively, the “Units”) of the Company at a price of $4.29 per Unit in a private placement (the “Private Placement”) for aggregate gross proceeds of approximately US$35,000,000.”
Material Agreements

Canopy Growth Corp terminated Subscription Agreements with certain institutional investors (effective 2024-01-12).

“, 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”
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).

“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”
Governance Changes

Canopy Growth Corp: Filed an amendment to the articles of incorporation to effect a 10-for-1 share consolidation effective December 15, 2023, to regain Nasdaq minimum bid price compliance (effective 2023-12-15).

“On December 15, 2023, Canopy Growth Corporation (the "Company") filed an amendment to the articles of incorporation of the Company, as amended (the "Articles Amendment") to effect a consolidation (the "Share Consolidation") of the issued and outstanding common shares of the Company (the "Common Shares"), at a ratio (the "Consolidation Ratio") of one post-Share Consolidation Common Share for every 10 pre-Share Consolidation Common Shares.”
Earnings Releases

Canopy Growth Corp reported the second quarter ended September 30, 2023 results: revenue $69.6. Guidance reaffirmed.

“Summary (in millions of Canadian dollars, unaudited) Net Revenue Gross margin percentage Adjusted gross margin percentage 1 Net loss Adjusted EBITDA 2 Free cash flow 3 Reported $69.6 34% 33% $(148.2) $(11.9) $(67.1) vs. Q2 FY2023 (21%) 3,500 bps 2,800 bps 25% 79% 32% - 1 1 Adjusted gross margin is a non-GAAP measure, and for Q2 FY2024 excludes $(0.7) MM of”
Material Agreements

Canopy Growth Corp amended Floating Share Arrangement Agreement with Acreage Holdings, Inc. valued at Amended Exercise Outside Date from October 31, 2023 to December 31, 2023 (effective 2023-10-31).

“On October 31, 2023, the Company, Canopy USA and Acreage entered into a fourth amendment to the Floating Share Arrangement Agreement (the “ Amendment ”).”
Shareholder Votes

Canopy Growth Corp shareholders approved Adoption of Share Issuance Resolution.

“Proposal No. 6: Adoption of Share Issuance Resolution. The proposal to pass an ordinary resolution approving the issuance of Canopy Growth common shares underlying certain outstanding debentures of Canopy Growth in excess of 19.99% and 25%, as applicable, of Canopy Growth’s outstanding common shares on the date of issuance of such debentures, in accordance with applicable stock exchange rules (the “ Share Issuance Resolution ”), as further described in the Proxy Statement, received the following votes: Votes For Votes Against Abstain Broker Non-Votes 221,701,801 12,747,396 1,048,672 115,095,784”
Shareholder Votes

Canopy Growth Corp shareholders approved Advisory Vote on Compensation of Named Executive Officers.

“Proposal No. 5: Advisory, Non-Binding Vote on Compensation of Canopy Growth’s Named Executive Officers. The advisory (non-binding) vote on the compensation of Canopy Growth’s named executive officers, as set forth in the Proxy Statement, received the following votes: Votes For Votes Against Abstain Broker Non-Votes 216,167,216 18,072,092 1,258,561 115,095,784”
Shareholder Votes

Canopy Growth Corp shareholders approved Adoption of Share Consolidation Resolution.

“Proposal No. 4: Adoption of Share Consolidation Resolution. The proposal to adopt a special resolution approving an amendment to Canopy Growth’s articles to, among other things, consolidate Canopy Growth’s issued and outstanding common shares (the “ Share Consolidation Resolution ”), as further described in the Proxy Statement, received the following votes: Votes For Votes Against Abstain Broker Non-Votes 322,621,415 25,335,017 2,637,221 —”
Shareholder Votes

Canopy Growth Corp shareholders approved Adoption of New Equity Incentive Plan.

“Proposal No. 3: Adoption of New Equity Incentive Plan. The proposal to pass an ordinary resolution approving the adoption of the EIP received the following votes: Votes For Votes Against Abstain Broker Non-Votes 221,187,480 12,867,444 1,442,895 115,095,784”
Shareholder Votes

Canopy Growth Corp shareholders approved Appointment of PKF O’Connor Davies, LLP as auditor at the 2024-03-31 meeting.

“Proposal No. 2: PKFOD Appointment. The proposal to appoint PKF O’Connor Davies, LLP, Certified Public Accountants (“ PKFOD ”), as Canopy Growth’s auditor and independent registered public accounting firm for the fiscal year ending March 31, 2024 and to authorize the Board to fix their remuneration received the following votes: Votes For Votes Withheld Broker Non-Votes 340,200,305 10,393,348 —”
Shareholder Votes

Canopy Growth Corp shareholders approved Election of Director Nominees.

“Proposal No. 1: Election of Director Nominees. Votes regarding the election of the seven director nominees were as follows: Director Name Votes For Votes Against Broker Non- Votes Judy A. Schmeling 224,726,712 10,771,157 115,095,784 David Klein 225,829,237 9,668,633 115,095,784 Garth Hankinson 226,617,190 8,880,679 115,095,784 Robert L. Hanson 220,966,406 14,531,464 115,095,784 David Lazzarato 222,421,298 13,076,571 115,095,784 James A. Sabia 224,624,301 10,873,569 115,095,784 Theresa Yanofsky 222,643,951 12,853,918 115,095,784”
Material Agreements

Canopy Growth Corp entered into Subscription Agreements with certain institutional investors valued at $50,000,000 (effective 2023-09-18).

“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”
Restructurings & Charges

Canopy Growth Corp announced a impairment with charges of the Company expects to incur an asset impairment charge of between approximately CDN$100-$130 million in the second quarter of fiscal year 2024 under generally affecting BioSteel Entities.

“In conjunction with the CCAA process, the Company expects to incur an asset impairment charge of between approximately CDN$100-$130 million in the second quarter of fiscal year 2024 under generally accepted accounting principles.”
Restructurings & Charges

Canopy Growth Corp announced a restructuring with charges of The Company expects to incur charges of between CDN$15-20 million, of which the Company expects approximately CDN$3.7 million will consist of payroll-related ch affecting BioSteel Sports Nutrition Inc. and its affiliates (terminating, effective, as applicable, commencing September 14, 2023 and on an ongoing basis, 181 employees who were emp).

“the entire workforce thereof was employed by the Company and will receive termination benefits and severance, as applicable. The Company expects to incur charges of between CDN$15-20 million, of which the Company expects approximately CDN$3.7 million will consist of payroll-related charges to be paid by the Company or Canopy Growth USA. The remaining”
Material Agreements

Canopy Growth Corp amended Floating Share Arrangement Agreement (Third Amendment) with Canopy USA, LLC; Acreage Holdings, Inc. valued at Extended Exercise Outside Date from August 31, 2023 to October 31, 2023 (effective 2023-08-31).

“On August 31, 2023, the Company, Canopy USA and Acreage entered into a third amendment to the Floating Share Arrangement Agreement (the “ Amendment ”).”

Judy Hong changed role as Principal Accounting Officer at Canopy Growth Corp.

“Effective as of Mr. Stewart’s transition on August 14, 2023, Judy Hong, the Company’s Chief Financial Officer (“CFO”) and Principal Financial Officer, was designated as the Company’s Principal Accounting Officer.”

Thomas Stewart changed role as Vice President, Finance at Canopy Growth Corp.

“Thomas Stewart, who had been serving as the Company’s Chief Accounting Officer and Principal Accounting Officer, transitioned to the position of Vice President, Finance of the Company and is no longer serving as the Company’s Principal Accounting Officer as of such date.”
Earnings Releases

Canopy Growth Corp reported first quarter ended June 30, 2023 results: revenue $109 million, net income $42 million. Guidance reaffirmed.

“Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results Net revenue in Q1 FY2024 increased 3% year-over-year to $109 million. Adjusting for divestiture of Canadian cannabis retail operations in FY2023, Q1 FY2024 net revenue increased 16% year-over-year Achieved total cost savings of $172 million through Q1 FY2024 Management reaffirms its expectation to achieve positive Adjusted EBITDA in all business units exiting FY2024, with the exception of BioSteel SMITHS FALLS, ON, August 9, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED) (Nasdaq: CGC) today announces its financial results for the first quarter ended June 30, 2023. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Highlights • All business segments of the Company delivered sequential revenue growth in Q1 FY2024, compared to Q4 FY2023. • Achieved cost reduction of $47 million in Q1 FY2024, bringing total cost reduct”
Debt Financings

Canopy Growth Corp amended credit facility of reduces the principal indebtedness under the credit facility (the “Credit Facility”) in the amount of $100 million of fo with certain lenders at not specified maturing not specified.

“On July 14, 2023, the Company entered into agreements with certain of its lenders under its term loan credit agreement, dated March 18, 2021, as amended on October 24, 2022 (the “Original Credit Agreement”), pursuant to which the Company and certain of its lenders agreed to amend certain terms of the Original Credit Agreement (collectively, the “Amended Credit Agreement”). The Amended Credit Agreement reduces the principal indebtedness under the credit facility (the “Credit Facility”) in the amount of $100 million of for a cash payment of $93 million (the “Paydown”) and includes an agreement from the Company to direct certain proceeds from completed and contemplated asset sales to reduce indebtedness under the Credit Facility and receive principal reductions at, in certain circumstances, $0.95 on the dollar toward such repayments. In addition, the Amended Credit Agreement, among other things, removes (i) the US$100,000,000 minimum liquidity covenant concurrently with completion of the”
Debt Financings

Canopy Growth Corp incurred convertible notes of C$40.4 million aggregate principal amount of newly issued non-interest bearing unsecured convertible debentures with certain holders at non-interest bearing maturing January 15, 2024.

“of approximately $101 million in cash, (ii) the issuance of 90,430,920 newly issued common shares of the Company (the “common shares”) and (iii) the issuance of approximately C$40.4 million aggregate principal amount of newly issued non-interest bearing unsecured convertible debentures (the “Debentures”). Indenture and Debentures The Debentures were created and are”
Material Agreements

Canopy Growth Corp entered into Voting Support Agreement with Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG” and together with Greenstar, the “CBG Group”) valued at CBG Group agreed to vote their 171,499,258 common shares in favor of Shareholder Approval (effective 2023-07-13).

“On July 13, 2023, the Company entered into a voting support agreement (the “Voting Support Agreement”) with Greenstar Canada Investment Limited Partnership (“Greenstar”) and CBG Holdings LLC (“CBG” and together with Greenstar, the “CBG Group”), our largest shareholders, pursuant to which the CBG Group has agreed to vote their common shares in favor of the Shareholder Approval.”
Material Agreements

Canopy Growth Corp amended Amended Credit Agreement with certain of its lenders under its term loan credit agreement valued at Reduces principal indebtedness by $100 million for cash payment of $93 million (effective 2023-07-14).

“On July 14, 2023, the Company entered into agreements with certain of its lenders under its term loan credit agreement, dated March 18, 2021, as amended on October 24, 2022 (the “Original Credit Agreement”), pursuant to which the Company and certain of its lenders agreed to amend certain terms of the Original Credit Agreement (collectively, the “Amended Credit Agreement”).”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.