Press Releases
January 9, 2024
Canopy Growth Announces US$30 Million Private Placement
SMITHS FALLS, ON. January 9, 2024 — 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 as of January 9, 2024, with certain institutional investors (the “Investors”) in a private placement offering (the “Offering”) of 6,993,007 units (“Units”) at a price per Unit of US$4.29 for aggregate gross proceeds of approximately US$30,000,000 The purpose of the Offering is to provide the Company with additional liquidity of US$30MM to further strengthen Canopy Growth’s financial position. Proceeds are expected to be used to pay down debt,…
December 18, 2023
Canopy Growth Announces Completed Sale of This Works
Divestiture of the skincare and wellness brand is aligned with Canopy Growth’s focus on North American cannabis operations SMITHS FALLS, ON and LONDON, UK – December 18th, 2023 – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today announced that the Company has completed the divestiture of its This Works skincare and wellness brand to Inspirit Capital, a London-based investment firm. Headquartered in London, England, This Works offers a range of high-quality natural skincare and sleep solution products to consumers around the world. In accordance with the completed sale agreement, This Works’ leadership, staff, and intellectual…
December 13, 2023
Canopy Growth Announces Effective Date of Share Consolidation
Shares will be consolidated at a 1 for 10 ratio Action expected to allow the Company to regain compliance with Nasdaq minimum bid price requirement SMITHS FALLS, ON — December 13, 2023 — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (Nasdaq: CGC) announced today that the Company’s board of directors has approved the consolidation (the “Consolidation”) of the Company’s issued and outstanding common shares (the “Common Shares”) on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares. The Consolidation is being implemented to ensure that the Company continues to comply with…
December 1, 2023
Canopy Growth Announces Completed Sale of BioSteel Business
Realization of sale proceeds further strengthens Canopy Growth’s balance sheet Completed transactions further advances Canopy Growth’s cannabis-focused, asset-light operating model SMITHS FALLS, ON – December 1, 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”), that two sale transactions transferring the assets of BioSteel Canada and BioSteel Manufacturing, LLC (“BioSteel Manufacturing”) have been completed for aggregate gross proceeds of $30.4 million. Pursuant to the CCAA court-ordered sale and investment solicitation process,…
November 29, 2023
Martha Stewart CBD Debuts New Need-Based Gummies Targeting Sleep, Stress, and Discomfort
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…
November 27, 2023
Canopy Growth Reports Second Quarter Fiscal Year 2024 Financial Results
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…
November 17, 2023
Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation Process
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…
November 15, 2023
KICK OFF THE HOLIDAY SEASON EARLY WITH NEW FLOWER OFFERINGS FROM 7ACRES AND TWEED
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…
October 26, 2023
Canopy Growth to Report Second Quarter Fiscal 2024 Financial Results on November 9, 2023
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…
October 17, 2023
STORZ & BICKEL Unveils the VENTY, an Innovative New Portable Vaporizer
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…