Press Releases

September 14, 2023

Canopy Growth to Cease Funding BioSteel Business Unit Furthering Business Transformation and Focus on North American Cannabis Leadership

BioSteel filing immediately eliminates significant cash burn for Canopy Growth and provides for an orderly realization of value of BioSteel’s assets through a sale process As the senior secured lender to BioSteel, Canopy Growth expects to recover proceeds from the anticipated sale process Management reaffirms its expectation to achieve positive Adjusted EBITDA in all remaining business units exiting FY2024, as the Company focuses on driving growth in its Canadian and U.S. cannabis businesses to position itself as an industry leader in North America SMITHS FALLS, ON – September 14, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED)…

September 13, 2023

Canopy Growth Announces Fall 2023 Investor Conference and Event Participation

SMITHS FALLS, ON, September 13, 2023 — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED) (Nasdaq:CGC) today announced planned participation at investor conferences and events in September. Representatives of the Company will be presenting or in attendance at the following events: ATB Capital Markets 2023 Life Sciences Institutional Investor Conference, September 20, 2023: CEO David Klein will participate in a fireside chat titled “Unleashing the Power of Brands in the US and Canada”. Mr. Klein and Canopy Growth CFO Judy Hong will also participate in investor meetings on site. Benzinga Cannabis Capital Conference, September 27 – 28, 2023: As…

September 11, 2023

Canopy Growth Reminds Shareholders to Cast Their Vote for Upcoming Annual General and Special Meeting of Shareholders to be held on September 25, 2023 at 1:00 p.m. (Eastern time)

Shareholders are Encouraged to Vote Well in Advance of the Proxy Deadline of 1:00 p.m. (Eastern time) on September 21, 2023 Your Vote is Important! If you need assistance with voting your shares please contact Laurel Hill Advisory Group at 1-877-452-7184 or by e-mail at assistance@laurelhill.com SMITHS FALLS, ON, September 11, 2023 — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED) (NASDAQ:CGC) reminds its shareholders to vote ahead of the upcoming annual general and special meeting of shareholders (the “Meeting”) to be held on September 25, 2023 at 1:00 pm (Eastern time). The Board of Directors of Canopy Growth (the “Board”)…

September 6, 2023

Canopy Growth Germany GmbH announces brand change from Spectrum Therapeutics to Canopy Medical

SMITHS FALLS, ON, September 6, 2023– Canopy Growth Germany GmbH, a leading global provider of medical cannabis products and services, is pleased to announce that the Company is changing from Spectrum Therapeutics to Canopy Medical in the German market. The decision to change the brand from Spectrum Therapeutics to Canopy Medical will align the Company’s medical business with the corporate Canopy Growth brand. This alignment further reinforces Canopy Growth’s commitment to long term growth within the German medical cannabis market and unwaivering commitment to German medical cannabis patients. “We are excited to launch our new branding, first in Germany, as…

August 30, 2023

Canopy Growth Showcases Power of Brands with Industry Awards

Tweed nominated for Karma Cup and Grow Up Awards; Wana a finalist for Grow Up Award SMITHS FALLS, ON, AUGUST 30, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a world-leading diversified cannabis company, today announced that two of the Company’s brands in the Canadian adult-use market have been recognized as finalists for prestigious industry awards. Illustrating the impact of an impressive brand evolution, Tweed’s Kush Mints has been nominated for a 2023 Karma Cup in the Hybrid Flower category, as it has demonstrated its consumer appeal with Tweed Kush Mints 28g being the fourth…

August 22, 2023

CANOPY GROWTH’S NEWEST PRE-ROLL FLOWER OFFERINGS ARE PERFECT FOR END OF SUMMER OCCASIONS

SMITHS FALLS, ON, AUGUST 22, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis company, today announced the addition of five new pre-roll flower product offerings from iconic brands Tweed, 7ACRES, and for the first time, from Canopy Growth’s medical cannabis company, Spectrum Therapeutics. “Our newest flower offerings combine the fresh flavours of summer with the convenience of a pre-roll, making them the perfect complement to any occasion,” said Dave Paterson, President, Canada, Canopy Growth. “Together with our team of master growers and cultivators, we continue to innovate with new flavours and…

August 18, 2023

Canopy Growth to Hold Virtual Annual General and Special Meeting of Shareholders

SMITHS FALLS, ON, August 18, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that the Company will hold its 2023 Annual General and Special Meeting in a virtual format. The meeting will begin at 1:00 PM ET on September 25, 2023, and will be conducted by live audio webcast at www.virtualshareholdermeeting.com/WEED2023. Shareholders of record as of the close of business on August 3, 2023, and shareholders holding a legal proxy for the meeting, are eligible to vote at the meeting. Shareholders will find important information and detailed instructions about how to participate in…

August 17, 2023

Canopy Growth Enters into an Agreement for the Sale of Hershey Drive Facility in Smiths Falls

Facility will be sold to Hershey Canada, Inc. for approximately CAD$53 million Canopy Growth continues to execute on transformation to simplified, asset-light operating model SMITHS FALLS, ON, August 17, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that it has entered into an agreement (the “Agreement”) to sell its Hershey Drive facility (the “Facility”) in Smiths Falls, Ontario, as part of the Company’s transformation to a simplified, asset-light operating model. Canopy Growth will retain its Smiths Falls-based post-harvest manufacturing facility. Pursuant to the terms of the Agreement, the Facility will be sold…

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…

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…
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