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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Healthcare Cannabis
Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Canopy Growth Corp > Closing of Previously Announced Exchange Transaction
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Comment by charliebitmyfinon Jul 19, 2022 7:51am
60 Views
Post# 34833665

RE:RE:Closing of Previously Announced Exchange Transaction

RE:RE:Closing of Previously Announced Exchange Transaction
Starsearcher80 wrote: Ok, now that's funny. "...Strengthens Canopy Growth's Balance Sheet and Preserves Cash to Support Future Growth"

Umm, now let's tell it like it is. What it SHOULD say is

"Inflates Canopy Growth's Balance Sheet Via Dillution at shockingly low prices, and Provides Cash to Support Future Losses."

Betteryear2 wrote:

Retirement of Approximately $263 Million of Debt Strengthens Canopy Growth's Balance Sheet and Preserves Cash to Support Future Growth

SMITHS FALLS, ON, July 18, 2022 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC) announced today that it has closed (the "Final Closing") its previously announced exchange transaction (the "Transaction") of certain 4.25% unsecured notes due 2023 (the "Notes") in order to reduce its debt obligations by approximately $263 million. Constellation Brands, Inc. ("CBI"), through its wholly-owned subsidiary Greenstar Canada Investment Limited Partnership ("GCILP"), participated in the Transaction.





true, this unfortunate but necessary dilution will be a drag on sp going forward, but that won't stop the believers who are the real strength behind canopy!
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