Company: CGC
Filing Date: 2025-05-29
Form Type: POSASR
Source: 0001104659-25-054285
Chunk: 38

Company: Canopy Growth Corp
Filing Date: 2025-05-29
Form: POSASR
Chunk 38
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 into this prospectus supplement and the accompanying prospectus.

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

#### Agent

#### BMO Capital Markets Corp.​
<div align='center'>**The date of this prospectus supplement is May 29, 2025.**</div>

TABLE OF CONTENTS

TABLE OF CONTENTS Prospectus Supplement

| ​ | ​                                                               | ​ | ​ | ​ | ​ | Page | ​ | ​ |
| ​ | ABOUT THIS PROSPECTUS SUPPLEMENT AND THE ACCOMPANYINGPROSPECTUS | ​ | ​ | ​ | ​ | S-1  | ​ | ​ |
| ​ | PROSPECTUS SUPPLEMENT SUMMARY                                   | ​ | ​ | ​ | ​ | S-2  | ​ | ​ |
| ​ | THE OFFERING                                                    | ​ | ​ | ​ | ​ | S-3  | ​ | ​ |
| ​ | RISK FACTORS                                                    | ​ | ​ | ​ | ​ | S-5  | ​ | ​ |
| ​ | CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS            | ​ | ​ | ​ | ​ | S-8  | ​ | ​ |
| ​ | USE OF PROCEEDS                                                 | ​ | ​ | ​ | ​ | S-12 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                                            | ​ | ​ | ​ | ​ | S-13 | ​ | ​ |
| ​ | CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS         | ​ | ​ | ​ | ​ | S-15 | ​ | ​ |
| ​ | CERTAIN CANADIAN INCOME TAX CONSIDERATIONS                      | ​ | ​ | ​ | ​ | S-21 | ​ | ​ |
| ​ | LEGAL MATTERS                                                   | ​ | ​ | ​ | ​ | S-23 | ​ | ​ |
| ​ | EXPERTS                                                         | ​ | ​ | ​ | ​ | S-24 | ​ | ​ |
| ​ | WHERE YOU CAN FIND MORE INFORMATION                             | ​ | ​ | ​ | ​ | S-25 | ​ | ​ |
| ​ | INCORPORATION OF CERTAIN INFORMATION BY REFERENCE               | ​ | ​ | ​ | ​ | S-26 | ​ | ​ |