Company: CGC
Filing Date: 2025-02-28
Form Type: 424B5
Source: 0001104659-25-019242
Chunk: 2

Company: Canopy Growth Corp
Filing Date: 2025-02-28
Form: 424B5
Chunk 2
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 SECURITYHOLDERS                              | ​ | ​ | ​ | ​ | 23 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                                 | ​ | ​ | ​ | ​ | 24 | ​ | ​ |
| ​ | LEGAL MATTERS                                        | ​ | ​ | ​ | ​ | 27 | ​ | ​ |
| ​ | EXPERTS                                              | ​ | ​ | ​ | ​ | 27 | ​ | ​ |
| ​ | ENFORCEABILITY OF CIVIL LIABILITIES                  | ​ | ​ | ​ | ​ | 27 | ​ | ​ |

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TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS SUPPLEMENT AND THE ACCOMPANYING PROSPECTUS
On June 5, 2024, we filed with the United States Securities and Exchange Commission (the “SEC”) a registration statement on Form S-3ASR (File No. 333-279949) (the “Registration Statement”) utilizing a shelf registration process relating to certain securities, including the securities described in this prospectus supplement, which Registration Statement became effective automatically upon filing.

This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of this offering. The second part, the accompanying prospectus, gives more general information, some of which may not apply to this offering. We urge you to read carefully this prospectus supplement and the accompanying prospectus, together with the information incorporated therein and herein by reference as described under the heading “Incorporation of Certain Information by Reference,” before buying any of the securities being offered. This prospectus supplement may add, update or change information contained in or incorporated by reference in the accompanying prospectus. If the information in this prospectus supplement is inconsistent with any information contained in or incorporated by reference in the accompanying prospectus, the information in this prospectus supplement will apply and will supersede the inconsistent information contained in or incorporated by reference in the accompanying prospectus.

You should rely only on the information contained in, or incorporated by reference into, this prospectus supplement, the accompanying prospectus and any free writing prospectus prepared by or on our behalf that we have authorized for use in connection with this offering. We have not, and the Agent has not, authorized any dealer, salesperson or other person to provide any information or to make any representation other than those contained or incorporated by reference into this prospectus supplement or into any free writing prospectus prepared by or on our behalf or to which we