Company: CGC
Filing Date: 2025-06-06
Form Type: 424B7
Source: 0001104659-25-057341
Chunk: 1

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B7
Chunk 1
---
878,850 Shares (the “January 2024 Warrant Shares”) issuable upon exercise of warrants issued in connection with a private placement of units (the “January 2024 Units”) on January 19, 2024 (the “January 2024 Private Placement”), consisting of: (a) 629,940 Common Shares underlying our Series A Common Share purchase warrants (the “Series A Warrants”) and (b) 6,248,910 Common Shares underlying our Series B Common Share purchase warrants (the “Series B Warrants” and, together with the Series A Warrants, the “January 2024 Warrants”). Each January 2024 Unit consisted of (a) one Common Share and (b)(i) one Series A Warrant or (ii) one Series B Warrant. Each of the January 2024 Warrants is exercisable for one Common Share at an exercise price of US$4.83 per share. The Series A Warrants and the Series B Warrants are identical, except the Series A Warrants are exercisable for a period that commenced on January 19, 2024 and will end on January 19, 2029, and the Series B Warrants are exercisable for a period that commenced on July 19, 2024 and will end on July 19, 2029.

4.

1,086,279 Shares (the “Wana Shares”) issued on April 30, 2024 pursuant to the terms of (a) certain option agreements (the “Initial Option Agreements”) entered into by certain of our former subsidiaries (collectively, the “Elevate Entities”) and the other parties named therein, whereby the Elevate Entities acquired options (the “Wana Option”) to acquire all of the membership interests of Wana Wellness, LLC (“Wana Wellness”), The CIMA Group, LLC (“CIMA”) and Mountain High Products, LLC (collectively with Wana Wellness and CIMA, “Wana”) from Wana Wellness Holdco Inc., CIMA Holdco Inc. and Nancy Whiteman (collectively, the “Wana Grantors”) and (b) the Second A&R First Amendment (as defined below). We transferred our ownership interests in the Elevate Entities to Canopy USA and accordingly we entered into an amendment to the Initial Option Agreements (the “First Amendment”) with Canopy USA and the Elevate Entities and the other parties named therein. The First Amendment was amended and restated