On July 29, 2025, Canopy Growth Corporation entered into an agreement with a group of its lenders to make three prepayments which are expected to reduce Canopy Growth’s senior secured term loan by US$50 million by March 31, 2026.
Pursuant to the terms of the agreement, Canopy Growth will make the following three prepayments: (i) US$25 million on or about July 31, 2025; (ii) US$10 million on or prior to December 31, 2025; and, (iii) US$15 million on or prior to March 31, 2026. When completed, the prepayments are expected to reduce Canopy Growth’s interest under the term loan by approximately US$6.5 million on an annualized basis.
Cassels acted for Canopy Growth.