Company: CGC
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001104659-25-057337
Chunk: 37

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B5
Chunk 37
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 offering and sale of Securities, and will set forth the terms of the offering of such Securities, including the method of distribution of such Securities, the public offering price, the proceeds to us, any fees, discounts or other compensation payable to underwriters, dealers or agents, and any other material terms of the plan of distribution.

Our Common Shares are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “WEED” and on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “CGC.” On June 4, 2025, the closing price of our Common Shares on Nasdaq was US$1.30 per share. Unless otherwise specified in the applicable prospectus supplement, the Exchangeable Shares, Debt Securities, Subscription Receipts, Units and Warrants will not be listed on any securities or stock exchange.

Investment in the Securities involves certain risks that should be considered by a prospective purchaser. See “Risk Factors” on page 4of this prospectus along with the risk factors described in the applicable prospectus supplement pertaining to the Securities and the other information contained in and incorporated by reference in this prospectus and in the applicable prospectus supplement before purchasing the Securities offered hereby. See “Where You Can Find More Information.”

Neither the U.S. Securities and Exchange Commission (the “ SEC ” ) nor any state securities commission has approved or disapproved of these Securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is June 4, 2025</div>

TABLE OF CONTENTS

TABLE OF CONTENTS

| ​ | ABOUT THIS PROSPECTUS                                | ​ | ​ | ​ | ​ |  1 | ​ | ​ |
| ​ | WHERE YOU CAN FIND MORE INFORMATION                  | ​ | ​ | ​ | ​ |  2 | ​ | ​ |
| ​ | CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | ​ | ​ | ​ | ​ |  3 | ​ | ​ |
| ​ | RISK FACTORS                                         | ​ | ​ | ​ | ​ |  4 | ​ | ​ |
| ​ | THE COMPANY                                          | ​ | ​ | ​ | ​ |  5 | ​ | ​ |
| ​ | USE OF PROCEEDS                                      | ​ | ​ | ​ | ​ |  6 | ​ | ​ |
| ​ | DESCRIPTION OF CAPITAL SHARES                        | ​ |