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.

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Canopy Growth Corp > Completed Sale of BioSteel Business T.Weed

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Post by Betteryear2on Dec 01, 2023 9:27am

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Post# 35763099

Completed Sale of BioSteel Business T.Weed

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, Dec. 1, 2023 /PRNewswire/ - 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.

Canopy Growth Announces Completed Sale of BioSteel Business (prnewswire.com)