Company: CGC
Filing Date: 2025-06-06
Form Type: 424B7
Source: 0001104659-25-057341
Chunk: 8

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B7
Chunk 8
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 from time to time, up to 21,856,810 of our Common Shares.

#### Jetty and TRA Shares
The Jetty and TRA Shares were issued (A) (i) on May 17, 2022 and May 25, 2022 pursuant to the Primary Option Agreement; and (ii) on May 17, 2022 pursuant to the Secondary Option Agreement, pursuant to which Canopy Oak, a wholly-owned subsidiary of Canopy USA, has the right to acquire up to 100% of the outstanding capital stock of Jetty (the “Jetty Option”); and (B) on November 4, 2022 and March 17, 2023 pursuant to the TRA Amendment, pursuant to which Canopy USA agreed to cause us to issue Common Shares with a value of approximately US$30.4 million, in two separate installments, to certain unitholders of HSCP in order to reduce a potential liability of approximately US$92.5 million pursuant to HSCP’s amended tax receivable agreement. Pursuant to the Primary Option Agreement, the Secondary Option Agreement and the TRA Amendment, we agreed to register for resale the Common Shares that we issued thereunder. The Jetty and TRA Shares were issued to the Selling Securityholders in reliance on the exemption from securities registration in Section 4(a)(2) under the Securities Act.

#### September 2023 Private Placement
On September 18, 2023, we entered into subscription agreements (collectively, the “September 2023 Subscription Agreements”) with certain of the Selling Securityholders, pursuant to which the Company issued to such Selling Securityholders 2,292,947 September Units (after giving effect to our share consolidation effective on December 15, 2023 (the “Share Consolidation”)) for aggregate gross proceeds of approximately US$25,000,000 on September 19, 2023. The purchase price per September Unit was US$10.90 (after giving effect to the Share Consolidation). On September 19, 2023, in connection with the September 2023 Private Placement, we entered into a registration rights agreement with the Selling Securityholders party to the September 2023 Subscription Agreements, pursuant to which we agreed to, among other things, register the resale of the September 2023 Warrant Shares. The September 2023 Units, including the Common Shares and September 2023 Warrants underlying the September 2023 Units, were