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June 22, 2023
Canopy Growth Reports Fourth Quarter and Fiscal Year 2023 Financial Results
READ THE FULL PRESS RELEASE HERE Business transformation and cost reduction actions initiated in FY2023 expected to drive overall cost reduction of $240-$310 million by the end of FY2024 Actions to strengthen balance sheet have reduced overall debt position by approximately $500 million from Q2 FY2023 to quarter-to-date in Q1 FY2024 and are anticipated to generate proceeds of up to $150 million from facility divestitures by the end of Q2 FY2024 Revised proxy statement filed with modifications to the structure of Canopy USA in order to maintain compliance with NASDAQ listing requirements while preserving strategic benefits SMITHS FALLS, ON, June…
June 21, 2023
Canopy Growth to Report Fourth Quarter and Fiscal Year 2023 Financial Results on June 22, 2023
Smiths Falls, ON, June 21, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NASDAQ:CGC) will release its financial results for the fourth quarter and fiscal year 2023 ended March 31, 2023, and file the Company’s comprehensive annual report on Form 10-K for the fiscal years ended March 31, 2023 and 2022, after markets close on June 22, 2023. Following the release of its fourth quarter and fiscal year 2023 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on June 22, at 5:30 PM Eastern Time. Webcast Information A…
June 20, 2023
CANOPY GROWTH EXPANDS FLOWER PORTFOLIO IN TIME FOR SUMMER
Newest offerings include Hiway Cones unrolled joint kits – perfect for grab-and-go summer adventures, and two limited edition SKUs under the 7ACRES Craft Collective banner SMITHS FALLS, ON, June 20, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis company, today announced the launch of seven new flower product offerings from the Hiway, 7ACRES Craft Collective, Doja, and Tweed brand portfolios. “We’re proud to introduce several high-quality new flower offerings for Canadian consumers,” said Dave Paterson, President, Canada, Canopy Growth. “These new products reflect our commitment to our post-harvest activities ensuring that…
June 12, 2023
Canopy Growth Provides Update on Management Cease Trade Order and Provides Estimate for Reporting of Q4 and FY2023 Financials
SMITHS FALLS, ON, June 12, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) is providing this bi-weekly update on the status of the management cease trade order granted on June 2, 2023 (the “MCTO”) by its principal regulator, the Ontario Securities Commission under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), following the Company’s announcement on May 26, 2023 (the “Default Announcement”) that the Company has initiated an internal review of the financial reporting matters related to BioSteel Sports Nutrition Inc. (the “BioSteel Review”) and has determined that it will need to…
May 30, 2023
CANOPY GROWTH AND INDIVA ANNOUNCE AGREEMENT TO POSITION WANA GUMMIES FOR CONTINUED NORTH AMERICAN BRAND LEADERSHIP
Canopy Growth to control all distribution, marketing, and sales of industry leading Wana branded products in Canada, further uniting the Company’s North American house of brands Indiva to manufacture Wana for Canopy in Canada under exclusivity ensuring continuity of quality product supply Canopy to acquire 19.99% interest in Indiva as part of the transactions SMITHS FALLS, ON, and LONDON, ON May 30, 2023 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a leading global cannabis company, and Indiva Limited (“Indiva“) (TSXV:NDVA), the leading Canadian producer of cannabis edibles and other cannabis products, and its…
May 26, 2023
Canopy Growth Announces Voluntary Application for a Management Cease Trade Order
SMITHS FALLS, ON, May 26, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today, that further to the Company’s previously announced internal review of the financial reporting matters related to BioSteel Sports Nutrition Inc. (the “BioSteel Review”) and the determination from the Company that it will need to restate its (i) audited consolidated financial statements for the fiscal year ended March 31, 2022, included in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2022 and (ii) unaudited consolidated financial statements for the quarterly periods ended June 30,…
May 22, 2023
Canopy Growth Files Revised Proxy Statement, Modifies Canopy USA Structure to Comply with NASDAQ Listing Requirements
Company advances Canopy USA strategy, designed to accelerate entry into the U.S. cannabis market SMITHS FALLS, ON, May 22, 2023 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has filed a revised proxy statement with the U.S. Securities and Exchange Commission (the “SEC”), which includes updates related to its strategy to accelerate entry into the U.S. cannabis industry through a U.S.-domiciled holding company, Canopy USA, LLC (“Canopy USA”). Upon receiving shareholder approval for the creation of a new class of non-voting exchangeable shares in the capital of Canopy Growth, Canopy USA is…
May 11, 2023
STORZ & BICKEL TO EXHIBIT AT CANNATRADE EXPO IN ZURICH
CannaTrade marks the brand’s third trade show this month, follows exhibits at Cannabis Europa in London and Hall of Flowers in California TUTTLINGEN, Germany, May 10, 2023 /PRNewswire/ – STORZ & BICKEL GmbH (“STORZ & BICKEL”), a world-leading manufacturer of high-end and medically certified cannabis vaporizers and subsidiary of Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC), will participate in the upcoming CannaTrade 2023 in Zurich May 12-14. At the trade show, STORZ & BICKEL will exhibit its industry-leading vaporizers, including the CRAFTY+, MIGHTY+, PLENTY and the iconic VOLCANO, in Hall 622. “At STORZ & BICKEL, our customers and consumers are…
April 14, 2023
Canopy Growth Announces Refinancing of C$100 million of Notes due 2023
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into an exchange agreement (the “Exchange Agreement”) with Greenstar Canada Investment Limited Partnership (“GCILP”), a wholly-owned subsidiary of Constellation Brands, Inc. (“CBI”), in order to extinguish C$100 million (approximately USD$73.9 million) aggregate principal amount of the Company’s outstanding 4.25% unsecured notes due 2023 (the “Existing Notes”). Pursuant to the Exchange Agreement, the Company agreed to acquire and cancel C$100 million aggregate principal amount of the Existing Notes held by GCILP in exchange for: (i) a cash payment to GCILP in the amount…
April 13, 2023
BioSteel Adds International Soccer Star Sophia Smith to its Elite Roster of Next Generation Athletes
2022 BioSteel U.S. Soccer Female Player of the Year joins #TeamBioSteel BioSteel Sports Nutrition Inc. (“BioSteel”) today announced the signing of Sophia Smith, forward for the U.S. Women’s National Soccer Team (USWNT) and 2022 BioSteel U.S. Soccer Female Player of the Year. BioSteel is also an official sponsor of U.S. Soccer, meaning Smith, her teammates and other players across the Federation hydrate with BioSteel on the sidelines during National Team matches, in the locker rooms and in training camp facilities. Through the partnership, Smith will continue to hydrate with BioSteel in preparation for the international stage this summer, and she…
March 29, 2023
Spring Forward with Canopy Growth’s Portfolio of Cannabis Beverages
Canopy Growth introduces 6 new beverage flavours – including Deep Space Propulsion – Canada’s first ever cannabis beverage with naturally occurring caffeine. Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, announced today, the introduction of Canada’s first-to-market cannabis infused beverage with naturally occurring caffeine under the Deep Space brand. Canopy is also launching four new flavours under the Tweed brand for springtime enjoyment. “Consumers can enjoy an extra spring in their step with the introduction of Deep Space Propulsion – a first of its kind cannabis beverages…
February 21, 2023
Canopy Growth Announces US $150 Million Registered Direct Offering
SMITHS FALLS, ON – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into an agreement (the “Agreement”) with an institutional investor (the “Institutional Investor”) for the purchase and sale of up to US$150,000,000 aggregate principal amount of senior unsecured convertible debentures (the “Convertible Debentures”). Pursuant to the terms of the Agreement, the Institutional Investor purchased an initial US$100,000,000 of the Convertible Debentures and an additional US$50,000,000 of the Convertible Debentures will be purchased in the event that certain conditions outlined in the Indenture (as defined below) are satisfied or waived.…