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Bullboard - Stock Discussion Forum 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... see more

TSX:WEED - Post Discussion

Canopy Growth Corp > Canopy Growth Enters US$750 Million Senior Secured Term Loan
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Post by AwareInvestor on Mar 18, 2021 8:09am

Canopy Growth Enters US$750 Million Senior Secured Term Loan

It appears that Canopy Growth has seen its funds from Constellation Brands deplete to the point that it now needs to take on debt. The company this morning announced that it has entered into a credit agreement for a US$750 million senior secured term loan, with room to expand the loan by a further US$500 million.
Comment by TheGrapeOne on Mar 18, 2021 8:26am
Buying MSO's is expensive I feel this is what is coming something huge The company did not have to take on this debt to keep running day to day they still have $1 billion plus  Cdn in the bank. The next 6 months is going to be so much fun! Safe banking act starts moving today mergers on the way  Here we go!
Canopy Growth Corp
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