Canopy Growth Announces Financing to Further Strengthen Balance Sheet Including Approximately US$50 Million of New Gross Proceeds
CGCCanopy Growth(CGC) Prnewswire·2024-05-03 19:30

C27.5MillonofDebtExtendedfrom2025to2029ProvidingAdditionalBalanceSheetFlexibilitySMITHSFALLS,ON,May3,2024/PRNewswire/−CanopyGrowthCorporation("CanopyGrowth"orthe"Company")(TSX:WEED)(Nasdaq:CGC),todayannouncedthatonMay2,2024,itenteredintoanexchangeandsubscriptionagreement(the"Agreement")withasingleinstitutionalinvestor(the"Investor")pursuanttowhichCanopyGrowthisexpectedtoreceivegrossproceedsofapproximatelyUS27.5 Millon of Debt Extended from 2025 to 2029 Providing Additional Balance Sheet Flexibility SMITHS FALLS, ON, May 3, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), today announced that on May 2, 2024, it entered into an exchange and subscription agreement (the "Agreement") with a single institutional investor (the "Investor") pursuant to which Canopy Growth is expected to receive gross proceeds of approximately US50 million and exchange appro ...