Company: CGC
Filing Date: 2025-02-28
Form Type: 424B5
Source: 0001104659-25-019242
Chunk: 21

Company: Canopy Growth Corp
Filing Date: 2025-02-28
Form: 424B5
Chunk 21
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 in connection therewith, are estimated to be approximately $500,000.

Pursuant to the Equity Distribution Agreement: (i) the Company has the right to terminate the Equity Distribution Agreement with any or all of the Agents in its sole discretion at any time by giving written notice; (ii) each Agent has the right to terminate its obligations under the Equity Distribution Agreement in its sole discretion at any time by giving written notice; and (iii) the Equity Distribution Agreement shall automatically terminate upon the earlier of (A) July 5, 2026; (B) the issuance and sale of Common Shares having an aggregate offering price of $200,000,000 (or the equivalent in Canadian currency) on the terms and subject to the conditions set forth in the Equity Distribution Agreement; and (C) the date on which notice from the Ontario Securities Commission or the SEC that the Canadian (final) short form base shelf prospectus of the Company (in the English language) in connection with the Concurrent Canadian Offering and/or the Registration Statement has ceased to be effective in accordance with the applicable Canadian securities laws, the Securities Act or the Exchange Act, as the case may be, has been received by the Company, subject to the terms of the Equity Distribution Agreement.

The TSX has conditionally approved the listing of the Common Shares, subject to the Company fulfilling all of the listing requirements of the TSX. In addition, we have notified Nasdaq of this offering in accordance with the rules of that exchange.

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TABLE OF CONTENTS

### CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS
The following is a general summary of certain material U.S. federal income tax considerations applicable to a U.S. Holder (as defined below) as a result of the acquisition, ownership, and disposition of Common Shares acquired pursuant to this prospectus supplement.

This summary is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S. federal income tax considerations that may apply to a U.S. Holder as a result of the acquisition, ownership, and disposition of Common Shares. In addition, this summary does not take into account the individual facts and circumstances of any particular U.S. Holder that may affect the U.S. federal income tax consequences to such U.S. Holder, including, without limitation, specific tax consequences to a U.S. Holder under an applicable income tax treaty. Accordingly, this summary is not intended to be, and should not