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August 9, 2023
Canopy Growth Reports First Quarter Fiscal Year 2024 Financial Results
READ THE FULL PRESS RELEASE HERE 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…
August 3, 2023
STORZ & BICKEL IS NOW AVAILABLE AT CANNABIS CONSUMPTION LOUNGES IN MARKETS ACROSS THE U.S.
Lounges will feature STORZ & BICKEL’s iconic VOLCANO vaporizers TUTTLINGEN, Germany, August 4, 2023/PRNewswire/ – STORZ & BICKEL GmbH (“STORZ & BICKEL”), a world-leading manufacturer of high-end and medically certified cannabis vaporizers and a subsidiary of Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), today announced a first-of-its-kind hardware collaboration with 10 cannabis consumption lounges across the United States. Consumption lounges, which provide a welcoming, legal setting for social consumption of cannabis products, are currently legal in 13 U.S. states. Storz & Bickel expects to further expand their footprint of device availability within these establishments as additional states permit them. “Cannabis consumption…
July 27, 2023
Canopy Growth launches Wana Brands’ Edibles at SpectrumTherapeutics.com
Expanding product offering to Canadian medical patients and strengthening Canadian cannabis business SMITHS FALLS, ON – July 27, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) today announced that cannabis gummies from Wana Brands (“Wana”), North America’s leading edibles company, are now available through Spectrum Therapeutics – Canopy Growth’s medical cannabis division. This news follows the announcement in May of the assumption of certain agreements by Canopy Growth which grant it control of all distribution, marketing, and sales of industry leading Wana branded edible cannabis products in Canada, highlighting the strength of the Company’s…
July 26, 2023
Canopy Growth to Report First Quarter Fiscal 2024 Financial Results on August 9, 2023
Smiths Falls, ON, July 26, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NASDAQ:CGC) will release its financial results for the first quarter fiscal year 2024 ended June 30, 2023 after markets close on August 9, 2023. Following the release of its first quarter fiscal year 2024 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on August 9, at 5:30 PM Eastern Time. Webcast Information A live audio webcast will be available at: https://app.webinar.net/E7gbkpw16N9 Replay Information A replay will be accessible by webcast until 11:59 PM ET on…
July 20, 2023
STORZ & BICKEL Announces Certification of Medical Vaporizers Under New EU Medical Device Regulations
Certification reinforces STORZ & BICKEL’s leadership position in medical device design, ensures continued availability of devices worldwide [Tuttlingen, Germany, July 20, 2023] – STORZ & BICKEL GmbH (“STORZ & BICKEL”), the world-leading manufacturer of high-end and medically certified cannabis vaporizers and subsidiary of Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC), today announced the certification of its premium VOLCANO MEDIC 2 and the MIGHTY+ MEDIC, in accordance with the new EU Medical Device Regulations (“MDR”). The new MDR regulations outline stricter quality requirements for medical devices manufactured in or imported to the EU than its predecessor, the MDD (Medical Devices Directive).…
July 18, 2023
Canopy Growth Congratulates Wana and Jetty on Entry Into New State-Level Markets
Wana Brands re-enters the Florida medical market as Jetty expands to Colorado SMITHS FALLS, ON – July 18, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) today congratulates members of Canopy USA LLC’s (“Canopy USA”) ecosystem, Wana Brands (“Wana”), North America’s leading edibles producer, and Jetty Extracts (“Jetty”), a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, on their respective asset-light expansion strategies which have seen the brands enter two new state-level markets. “Wana and Jetty are category leaders in edibles and solventless vape and we’re proud of their ongoing…
July 14, 2023
Canopy Growth Enhances Financial Flexibility and Delevers Company Balance Sheet by $437 million
July 6, 2023
Canopy Growth to Participate in Opal Group’s Family Office & Private Wealth Management Forum
SMITHS FALLS, ON – July 6, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that the Company will exhibit at the Opal Group’s Family Office & Private Wealth Management Forum 2023 from July 10 to July 12, 2023. During the forum, Canopy Growth will be hosting a booth to engage with family offices, private investors, and investment managers at what is considered to be the the largest family office event in the world. About Canopy Growth Canopy Growth is a leading North American cannabis and consumer packaged goods (“CPG”) company dedicated…
July 4, 2023
Canopy Growth Congratulates TerrAscend on Toronto Stock Exchange Listing
Canopy USA holds significant conditional ownership in TerrAscend, now the first U.S. Multi-State Operator to list on a major exchange SMITHS FALLS, ON – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) today recognized the successful commencement of trading of TerrAscend Corp. (“TerrAscend”) (TSX: TSND) on the Toronto Stock Exchange on July 4, 2023 under the new ticker symbol “TSND”. Canopy USA LLC’s (“Canopy USA”) conditional ownership stake in TerrAscend is approximately 18%[1], representing an aggregate market value of approximately CAD$155 million based on TerrAscend’s closing stock price on July 4, 2023. “We applaud TerrAscend on…
July 3, 2023
Canopy Growth Announces Completion of Conversions Pursuant to US$100 Million Convertible Debentures; Provides Update on Balance Sheet Actions Taken To Date
SMITHS FALLS, ON – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that all conversions pursuant to the US$100,000,000 senior unsecured convertible debentures (the “Convertible Debentures”), sold to an institutional investor in February 2023, have been completed. Since the beginning of fiscal 2023, Canopy Growth has completed numerous balance sheet actions to strengthen its financial position, while implementing a business transformation plan with the goal of improving profitability. In addition to today’s announcement that preserves liquidity, the balance sheet actions completed by the Company to date include: Equitization of $263 million of the 4.25%…
June 30, 2023
Canopy Growth Announces Equitization of C$12.5 Million of Notes due in July 2023
SMITHS FALLS, ONTARIO, June 30, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into privately negotiated exchange agreements (collectively, the “Exchange Agreements”) with certain holders (collectively, the “Noteholders”) of the Company’s outstanding 4.25% unsecured senior notes due 2023 (the “Notes”), to acquire C$12.5 million aggregate principal amount of the Notes from the Noteholders in exchange for common shares of the Company (the “Canopy Shares”) and cash. “We are pleased to have reached an agreement to equitize these notes and remain focused on further strengthening Canopy’s financial position. This announcement builds…
June 29, 2023
Canopy Growth Appoints PKF O’Connor Davies as Auditor
SMITHS FALLS, ON – June 28, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today the appointment of PKF O’Connor Davies, LLP (“PKFOD”) as its independent registered public accounting firm for the 2024 fiscal year and accepted the resignation of KPMG LLP (“KPMG”). “This change has been underway for some time and reflects a joint decision between Canopy Growth and KPMG. We are pleased to welcome PKFOD, which has specific experience in supporting clients in the cannabis industry as our accounting firm for fiscal 2024. Going forward, we remain focused on our ongoing…
