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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.…
February 9, 2023
Canopy Growth Reports Third Quarter Fiscal Year 2023 Financial Results and Announces Canadian Business Transformation Plan
Canopy Growth Reports Third Quarter Fiscal Year 2023 Financial Results and Announces Canadian Business Transformation Plan Company takes firm actions to transform Canadian business to enable growth and profitability Announces cost reduction program of additional $140-$160 million to be realized over the next 12 months Restructuring includes significant reduction in production footprint and headcount SMITHS FALLS, ON, February 9, 2023 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED) (NASDAQ: CGC) today announces its financial results for the third quarter ended December 31, 2022. Canopy Growth is also announcing significant changes to the Company’s Canadian cannabis business. All…
January 19, 2023
Canopy Growth to Report Third Quarter Fiscal 2023 Financial Results on February 9, 2023
Smiths Falls, ON – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NASDAQ:CGC) will release its financial results for the third quarter fiscal year 2023 ended December 31, 2022 before financial markets open on February 9, 2023. Following the release of its third quarter fiscal year 2023 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on February 9, 2023, at 10:00 AM Eastern Time. Shareholders can submit questions starting on February 2, 2023, at 10:00 AM ET by visiting: https://app.saytechnologies.com/canopy-growth-corporation-2023-q3. The platform will close on February 8, 2023, at 10:00…
January 11, 2023
BioSteel Cements Its Position as Sports Hydration Drink of the Ice and Becomes Official Sports Hydration Partner of Six National Hockey League Franchises
New Official Hydration Partner of the NHL Signs Multi-Year Team Partnerships with Anaheim Ducks, Carolina Hurricanes, Chicago Blackhawks, Columbus Blue Jackets, Pittsburgh Penguins, and Tampa Bay Lightning NEW YORK – January 11, 2023 – BioSteel Sports Nutrition Inc. (“BioSteel”) today announced a series of multi-year partnerships that expand its growing presence in the National Hockey League (NHL®) and name the brand the new Official Sports Hydration Partner of six franchises: the Anaheim Ducks, Carolina Hurricanes, Chicago Blackhawks, Columbus Blue Jackets, Pittsburgh Penguins and Tampa Bay Lightning. Each team is hosting tailored activations this season to enhance and spotlight the brand’s…
January 3, 2023
Canopy Growth Completes Divestiture of Canadian Retail Operations
Transaction supports the Company’s focus on achieving profitability through streamlined operations in Canada Smiths Falls, ON – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has closed its previously announced transactions with OEG Retail Cannabis (“OEGRC”) and 420 Investments Ltd. (“FOUR20”) to divest its retail business across Canada, which includes the stores operating under the Tweed and Tokyo Smoke retail banners. “The divestiture of our Canadian retail business marks an important step forward on our path to profitability and furthers Canopy Growth’s focus on generating revenue growth in the Canadian market,” said…
December 12, 2022
BioSteel Named the Official Hydration Partner of F45 Training
As brand’s global footprint continues to expand, partnership will bring Clean. Healthy. Hydration.™ to F45 Locations globally New York, NY – December 12, 2022 – Today, BioSteel Sports Nutrition Inc. (“BioSteel”) and global fitness franchisor F45 Training Holdings Inc (NYSE: FXLV) (“F45”) announced a new partnership naming BioSteel the exclusive hydration partner for F45 fitness studios globally. Through the partnership, BioSteel will introduce its Clean. Healthy. Hydration.™ products to F45 members directly in-studio, where a zero-sugar hydration routine can help get the most out of a workout. BioSteel branding as well as BioSteel sports hydration drinks in various flavors will…