Company: CGC
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085662
Chunk: 24

Company: Canopy Growth Corp
Filing Date: 2025-08-29
Form: 424B5
Chunk 24
---
 an “underwriter” within the meaning of the Securities Act, and the compensation paid to the Agents may be deemed to be underwriting commissions or discounts. We have agreed in the Equity Distribution Agreement to provide indemnification and contribution to the Agents against certain liabilities, including liabilities under the Securities Act and Canadian securities laws. In addition, we have agreed to pay the reasonable expenses of the Agents in connection with this offering and the Concurrent Canadian Offering, pursuant to the terms of the Equity Distribution Agreement.

No underwriter of the at-the-market distribution, and no person or company acting jointly or in concert with an underwriter, may, in connection with the distribution, enter into any transaction that is intended to stabilize or maintain the price of the Common Shares, including selling an aggregate number of Common Shares that would result in the underwriter creating an over-allocation position in the Common Shares.

The Agents and their affiliates have provided, and may in the future provide, various investment banking, commercial banking, fiduciary and advisory services for us from time to time for which they have received, and may in the future receive, customary fees and expenses. The Agents and their affiliates may, from time to time, engage in other transactions with and perform services for us in the ordinary course of their business. To the extent required by Regulation M under the Exchange Act, the Agents will not engage in any market making activities involving the Common Shares while the offering is ongoing under this prospectus supplement.

The total expenses related to the commencement of this offering and the Concurrent Canadian Offering to be paid by us, excluding the Commission payable to the Agents under the Equity Distribution Agreement, and including reimbursement of up to $200,000 (plus applicable taxes) for certain fees, disbursements and expenses of counsel to the Agents 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 earliest of (A) June 5, 2027; (B) the issuance and sale of Common Shares having an aggregate offering price of US$200,000,000 on the terms and subject to the conditions set forth in the Equity Distribution Agreement; (C) the