Company: CGC
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001104659-25-057337
Chunk: 0

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B5
Chunk 0
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TABLE OF CONTENTS

#### Filed Pursuant to Rule 424(b)(5)​

#### Registration No. 333-279949​

#### Prospectus Supplement
**(To Prospectus dated June 4, 2025)**

#### Up to $166,984,114Common Shares
**We previously entered into an Equity Distribution Agreement dated February 28, 2025 (as amended on May 30, 2025, and as may be further amended from time to time, the “Equity Distribution Agreement”) with BMO Capital Markets Corp. (the “Agent”) and BMO Nesbitt Burns Inc. (the “Canadian Agent” and, together with the Agent, the “Agents”) relating to the sale of our common shares (“Common Shares”) offered by this prospectus supplement and the accompanying prospectus. Under the terms of the Equity Distribution Agreement, we may also make offers and sales of our Common Shares in Canada through the Canadian Agent pursuant to a Canadian prospectus supplement dated February 28, 2025 (the “Canadian Prospectus”) on the same terms as this offering. The existing Equity Distribution Agreement provides that we may offer and sell Common Shares having an aggregate offering price of up to $200,000,000 from time to time through the Agent, including any amounts sold in Canada through the Canadian Agent pursuant to the Canadian Prospectus (the “Concurrent Canadian Offering”). As of June 4, 2025, we have sold $33,015,886 of Common Shares under the Equity Distribution Agreement. Accordingly, under this prospectus supplement and the accompanying prospectus, we may offer and sell the remaining Common Shares under the Equity Distribution Agreement having an aggregate offering price of up to $166,984,114. The maximum offering size of this offering, including any sales under the Concurrent Canadian Offering after the date hereof, will not exceed $166,984,114.

Our Common Shares are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “WEED” and the Nasdaq Global Select Market under the symbol “CGC.” On June 4, 2025, the closing price of our Common Shares on the Nasdaq Global Select Market was $1.30 per share.

Sales of our Common Shares, if any, under this prospectus supplement and the accompanying prospectus will be made in sales deemed to be “at the market offerings” as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933