Canopy growth announces equitization of c$12.5 million of notes due in july 2023

Smiths falls, on , june 30, 2023 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc) announced today that it has entered into privately negotiated exchange agreements (collectively, the "exchange agreements") with certain holders (collectively, the "noteholders") of the company's outstanding 4.25% unsecured senior notes due 2023 (the "notes"), to acquire c$12.5 million aggregate principal amount of the notes from the noteholders in exchange for common shares of the company (the "canopy shares") and cash. "we are pleased to have reached an agreement to equitize these notes and remain focused on further strengthening canopy's financial position.
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