Latest news with #CanopyUSA
Business Wire
16-05-2025
- Business
- Business Wire
Canopy Growth to Report Fourth Quarter and Fiscal Year 2025 Financial Results on May 30, 2025
SMITHS FALLS, Ontario--(BUSINESS WIRE)--Canopy Growth Corporation ('Canopy Growth' or the 'Company') (TSX:WEED, NASDAQ:CGC) will release its financial results for the fourth quarter and fiscal year 2025 ended March 31, 2025, before financial markets open on May 30, 2025. Following the release of its fourth quarter and fiscal year 2025 financial results, Canopy Growth will host an audio webcast with Luc Mongeau, CEO and Judy Hong, CFO on May 30, 2025, at 10 AM Eastern Time (ET). Webcast Information A live audio webcast will be available at: Replay Information A replay will be accessible by webcast until 11:59 PM ET on August 28, 2025 at: About Canopy Growth Canopy Growth is a world leading cannabis company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to consumers, Canopy Growth delivers innovative products from owned and licensed brands including Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as category defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Germany, Poland, and Australia. Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA. Canopy USA's portfolio includes ownership of Acreage Holdings, a vertically integrated multi-state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Brands, a leading North American edibles brand, and majority ownership of Jetty Extracts, a California-based producer of high-quality cannabis extracts and clean vape technology. At Canopy Growth, we're shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer. For more information, visit References to information included on, or accessible through, our website do not constitute incorporation by reference of the information contained at or available through our website, and you should not consider such information to be part of this press release.
Yahoo
01-04-2025
- Business
- Yahoo
Canopy Growth Strengthens Balance Sheet with Optional Early Prepayment to Reduce Term Loan by US$100 Million
Early Prepayment Reduces Annual Interest Expense by US$13 Million, Extends Maturity of Term Loan to September 2027This news release constitutes a "designated news release" for the purposes of Canopy Growth's prospectus supplement dated June 6, 2024 to its short form base shelf prospectus dated February 28, 2025 SMITHS FALLS, Ontario, April 01, 2025--(BUSINESS WIRE)--Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that it has made an optional early prepayment under its senior secured term loan (the "Term Loan") in an aggregate principal amount equal to US$100 million at a discounted price of US$97.5 million. This results in interest expense savings of approximately US$13 million on an annualized basis. "Canopy has further improved its balance sheet with this early prepayment by reducing our overall debt position as well as lowering annual interest costs," said Judy Hong, CFO of Canopy Growth. "In addition, with this prepayment now made, we have no material debt obligation until September 2027." This prepayment was optional under the terms of the agreement between the Company and its senior lenders as part of a series of amendments to the Term Loan (the "Term Loan Amendment"). Pursuant to the Term Loan Amendment, Canopy Growth had the option to make this prepayment by March 31, 2025 (the "Second Prepayment"). As a result of making the Second Prepayment, the maturity date of the Term Loan has been extended to September 18, 2027. The optional early prepayment of the Term Loan demonstrates Canopy Growth's continued focus on reducing debt and improving its balance sheet, positioning the Company for sustainable growth in the evolving global cannabis market. About Canopy GrowthCanopy Growth is a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to our consumers, Canopy Growth delivers innovative products with a focus on premium and mainstream cannabis brands including Tweed, 7ACRES, DOJA, Deep Space and Claybourne, as well as category-defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Germany, Poland, and Australia. Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA. Canopy USA's portfolio includes ownership of Acreage Holdings, a vertically integrated multi-state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Brands, a leading North American edibles brand, and majority ownership of Jetty Extracts, a California-based producer of high-quality cannabis extracts and clean vape technology. At Canopy Growth, we're shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer. For more information visit View source version on Contacts Alex ThomasDirector, Investor Contact: Tyler BurnsDirector, Investor Sign in to access your portfolio
Globe and Mail
13-02-2025
- Business
- Globe and Mail
Canopy Growth Expands Deep Space Propulsion Beverage Lineup with Two New Flavours: Rocket Root Beer and Charged Cream Soda
Together with Blue Sourberry and Altitude Lemon Lime, Deep Space Propulsion Continues to Pioneer the High-Potency Cannabis Beverage Category with its Expanded Portfolio of Innovative Flavours SMITHS FALLS, ON , Feb. 13, 2025 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today the expansion of its Deep Space Propulsion beverage lineup with two new flavours : Rocket Root Beer and Charged Cream Soda. Proudly developed in Canada , these innovative takes on classic flavours join Blue Sourberry and Altitude Lemon Lime, rounding out a portfolio that continues to redefine the infused beverage category nationwide. Each 355ml can of Deep Space Propulsion Rocket Root Beer and Charged Cream Soda is crafted with natural flavours and features a unique formulation of 10mg of THC, 10mg of CBG, and less than 30mg of naturally occurring caffeine. Rocket Root Beer offers a deep, rich flavour with a satisfying bite, while Charged Cream Soda delivers a smooth, bright vanilla cream experience - both designed to elevate the beverage experience with a premium, full-flavour profile. "With the launch of Rocket Root Beer and Charged Cream Soda, we continue to push the boundaries of flavour innovation while delivering the bold taste and balanced effects consumers expect from Deep Space," said Dave Paterson , President, Canada , Canopy Growth . "This home-grown brand showcases Canadian ingenuity in the cannabis beverage space, offering a truly one-of-a-kind range of elevated drinks for those seeking a distinct and premium experience. We're excited to introduce these new additions and further strengthen our leadership in this category." Deep Space Propulsion Rocket Root Beer and Charged Cream Soda are now available at licensed in-store and online cannabis retailers in select regions across Canada , including the Spectrum Therapeutics online store for licensed medical consumers. For more information, visit About Canopy Growth Canopy Growth is a world leading cannabis company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to consumers, Canopy Growth delivers innovative products from owned and licensed brands including Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as category defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada , Germany , Poland , and Australia . Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA . Canopy USA's portfolio includes ownership of Acreage Holdings, a vertically integrated multi-state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Brands , a leading North American edibles brand, and majority ownership of Jetty Extracts, a California -based producer of high-quality cannabis extracts and clean vape technology. At Canopy Growth, we're shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer. For more information visit SOURCE Canopy Growth Corporation
Yahoo
13-02-2025
- Business
- Yahoo
Canopy Growth Expands Deep Space Propulsion Beverage Lineup with Two New Flavours: Rocket Root Beer and Charged Cream Soda
Together with Blue Sourberry and Altitude Lemon Lime, Deep Space Propulsion Continues to Pioneer the High-Potency Cannabis Beverage Category with its Expanded Portfolio of Innovative Flavours SMITHS FALLS, ON, Feb. 13, 2025 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today the expansion of its Deep Space Propulsion beverage lineup with two new flavours: Rocket Root Beer and Charged Cream Soda. Proudly developed in Canada, these innovative takes on classic flavours join Blue Sourberry and Altitude Lemon Lime, rounding out a portfolio that continues to redefine the infused beverage category nationwide. Each 355ml can of Deep Space Propulsion Rocket Root Beer and Charged Cream Soda is crafted with natural flavours and features a unique formulation of 10mg of THC, 10mg of CBG, and less than 30mg of naturally occurring caffeine. Rocket Root Beer offers a deep, rich flavour with a satisfying bite, while Charged Cream Soda delivers a smooth, bright vanilla cream experience - both designed to elevate the beverage experience with a premium, full-flavour profile. "With the launch of Rocket Root Beer and Charged Cream Soda, we continue to push the boundaries of flavour innovation while delivering the bold taste and balanced effects consumers expect from Deep Space," said Dave Paterson, President, Canada, Canopy Growth. "This home-grown brand showcases Canadian ingenuity in the cannabis beverage space, offering a truly one-of-a-kind range of elevated drinks for those seeking a distinct and premium experience. We're excited to introduce these new additions and further strengthen our leadership in this category." Deep Space Propulsion Rocket Root Beer and Charged Cream Soda are now available at licensed in-store and online cannabis retailers in select regions across Canada, including the Spectrum Therapeutics online store for licensed medical consumers. For more information, visit About Canopy Growth Canopy Growth is a world leading cannabis company dedicated to unleashing the power of cannabis to improve lives. Through an unwavering commitment to consumers, Canopy Growth delivers innovative products from owned and licensed brands including Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as category defining vaporization devices by Storz & Bickel. In addition, Canopy Growth serves medical cannabis patients globally with principal operations in Canada, Germany, Poland, and Australia. Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA. Canopy USA's portfolio includes ownership of Acreage Holdings, a vertically integrated multi-state cannabis operator with operations throughout the U.S. Northeast and Midwest, as well as ownership of Wana Brands, a leading North American edibles brand, and majority ownership of Jetty Extracts, a California-based producer of high-quality cannabis extracts and clean vape technology. At Canopy Growth, we're shaping a future where cannabis is embraced for its potential to enhance well-being and improve lives. With high-quality products, a commitment to responsible use, and a focus on enhancing the communities where we live and work, we're paving the way for a better understanding of all that cannabis can offer. For more information visit View original content to download multimedia: SOURCE Canopy Growth Corporation Sign in to access your portfolio
