Press Releases

October 10, 2023

Canopy Growth Announces EU GMP Certification of Kincardine Cultivation Facility

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…

October 2, 2023

Canopy Growth Completes Sale of Hershey Drive Facility

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…

September 26, 2023

Canopy Growth Announces Results of Annual General and Special Meeting of Shareholders

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…

September 18, 2023

Canopy Growth Announces Private Placement of up to US$50 Million

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…

September 14, 2023

BioSteel Files for and Obtains CCAA Creditor Protection

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…

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…
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