Press Releases

Sleep CBD, Chill CBD, and Extra Strength CBD Gummies Expand Martha’s Evolving Wellness Assortment SMITHS FALLS, ON & NEW YORK, NY, Nov. 29, 2023 – Sleep deprived? Stressed? Sore? Martha Stewart has a CBD gummy for that! Just in time for the holidays, Martha Stewart CBD has unveiled a new line of need-based CBD gummies, broadening the brand’s evolving wellness assortment. Martha Stewart CBD products provide consumers with convenient, plant-based solutions to help people feel their best all day, every day. The new line was developed in response to consumer demand for targeted solutions that address their most common…

Canopy Growth Reports Second Quarter Fiscal Year 2024 Financial Results Strong execution drove significant improvement in gross margins and reduced cash burn in Q2 FY2024 Management reaffirms expectation to achieve positive Adjusted EBITDA in all business units exiting FY2024 Solidified foundation expected to deliver profitable growth and achieve sustainable cannabis market leadership SMITHS FALLS, ON, November 9, 2023 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED) (Nasdaq: CGC) today announces its financial results for the second quarter ended September 30, 2023. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. Highlights…

Court approves combination of transactions resulting in the sale of all or substantially all of the assets of Biosteel Canada and Biosteel Manufacturing Elimination of funding obligation to BioSteel consistent with Canopy Growth’s cannabis focus and transformation to a simplified, asset-light operating model. SMITHS FALLS, ON – November 17, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today provided an update that pursuant to the proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”) involving BioSteel Sports Nutrition Inc. (“BioSteel Canada”), the Ontario Superior Court of Justice (Commercial List) (“CCAA Court”) has approved two…

SMITHS FALLS, ON, November 15, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a world-leading diversified cannabis company, today announced the addition of four new flower product offerings from iconic brands 7ACRES and Tweed just in time for the holiday season. “Our new high-quality flower offerings, including a holiday taster pack from 7ACRES and new strains from the iconic Tweed brand, are the perfect complement to any festive adult celebration,” said Dave Paterson, President, Canada, Canopy Growth. “These latest additions to our leading Canadian portfolio reflect our team’s focus and commitment to producing extraordinary flower…

Smiths Falls, ON, October 26, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NASDAQ:CGC) will release its financial results for the second quarter fiscal year 2024 ended September 30, 2023 after markets close on November 9, 2023. Following the release of its second quarter fiscal year 2024 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on November 9, at 5:30 PM Eastern Time. Webcast Information A live audio webcast will be available at: https://app.webinar.net/8jnJ0EJDRBz Replay Information A replay will be accessible by webcast until 11:59 PM ET on…

First-of-its kind vaporizer features adjustable air flow and is the fastest heating vaporizer in the S&B lineup TUTTLINGEN, Germany (October 17, 2023) – STORZ & BICKEL GmbH (“STORZ & BICKEL”), a world-leading manufacturer of high-end and medically certified vaporizers and a subsidiary of Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NASDAQ: CGC), today announced the anticipated launch of the VENTY, STORZ & BICKEL’s state-of-the-art portable vaporizer for dry herbs. Its newly designed convection and conduction heater as well as the cutting-edge heating management and cooling technology enhance flavor to produce superior vapor quality on the go. The VENTY will officially…

Certification Enables Canopy Growth to Continue Exporting High Quality Cannabis to Global Medical Markets SMITHS FALLS, ON, October 10, 2023 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that it received EU GMP certification from RP Tuebingen, Regional Health Inspectorate of Baden-Wuerttemberg for the Company’s world class cannabis cultivation facility in Kincardine, Ontario. As a final step to completing the Company’s consolidation of its production footprint into two purpose-built sites, the receipt of EU GMP certification enables Canopy Growth to continue exporting certified medical cannabis to medical markets in Europe as well…

Facility sold to Hershey Canada, Inc. for approximately CAD$53 million Canopy Growth completes CAD $155 million of property sales since April 1, 2023 SMITHS FALLS, ON, October 2, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that it has completed the sale of its Hershey Drive facility (the “Facility”) in Smiths Falls, Ontario, in connection with the previously announced agreement with Hershey Canada, Inc. for cash consideration of approximately CAD$53 million. As part of its transformation to a simplified, asset-light operating model, Canopy Growth has sold a total of seven properties for…

SMITHS FALLS, ON, SEPTEMBER 26, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), a world-leading diversified cannabis company, today announced the voting results from its annual general and special meeting of shareholders held on September 25, 2023 (the “Meeting”). A total of 350,593,653 common shares of the Company (the “Shares”), representing 48.88% of the issued and outstanding Shares, were voted in connection with the Meeting by the Company’s shareholders and proxy holders. All of the matters put forward before the Company’s shareholders for consideration and approval, as set out in the Company’s definitive proxy…

SMITHS FALLS, ON. September 18, 2023 — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC), today announced that it has entered into subscription agreements (the “Subscription Agreements”), dated September 18, 2023, with certain institutional investors (the “Investors”) in a private placement offering (the “Offering”) of 22,929,468 units (“Units”) at a price per Unit of US$1.09 for aggregate gross proceeds of approximately US$25,000,000. The Investors also hold an over-allotment option to acquire up to an additional 22,929,468 Units at a price per Unit of US$1.09 for aggregate gross proceeds of US$25,000,000 at the discretion of the Investors…

BioSteel intends to seek approval of a sale and investment solicitation process TORONTO, Sept. 14, 2023 /CNW/ – BioSteel Sports Nutrition Inc. (“BioSteel”) today announced that it sought and obtained an initial order for creditor protection (the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “CCAA Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order provides for, among other things: (i) a stay of proceedings in favour of BioSteel and its two U.S. affiliates, BioSteel Sports Nutrition USA LLC and BioSteel Manufacturing LLC; and (ii) the appointment of KSV Restructuring Inc. as monitor…

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)…