Company: CGC
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001104659-25-057337
Chunk: 38

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B5
Chunk 38
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 ​ | ​ | ​ |  7 | ​ | ​ |
| ​ | DESCRIPTION OF SUBSCRIPTION RECEIPTS                 | ​ | ​ | ​ | ​ | 10 | ​ | ​ |
| ​ | DESCRIPTION OF UNITS                                 | ​ | ​ | ​ | ​ | 13 | ​ | ​ |
| ​ | DESCRIPTION OF WARRANTS                              | ​ | ​ | ​ | ​ | 14 | ​ | ​ |
| ​ | DESCRIPTION OF DEBT SECURITIES                       | ​ | ​ | ​ | ​ | 15 | ​ | ​ |
| ​ | CERTAIN INCOME TAX CONSIDERATIONS                    | ​ | ​ | ​ | ​ | 22 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                                 | ​ | ​ | ​ | ​ | 23 | ​ | ​ |
| ​ | LEGAL MATTERS                                        | ​ | ​ | ​ | ​ | 26 | ​ | ​ |
| ​ | EXPERTS                                              | ​ | ​ | ​ | ​ | 26 | ​ | ​ |
| ​ | ENFORCEABILITY OF CIVIL LIABILITIES                  | ​ | ​ | ​ | ​ | 26 | ​ | ​ |

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TABLE OF CONTENTS

### ABOUT THIS PROSPECTUS
This prospectus is part of a registration statement that we filed with the SEC under the Securities Act of 1933, as amended (the “Securities Act”), using a “shelf” registration process. Under this process, we may sell from time to time any combination of the Securities described in this prospectus in one or more offerings for an aggregate offering amount of up to $500,000,000. This prospectus only provides you with a general description of the Securities that we may offer. Each time we sell Securities, we will provide a supplement to this prospectus that contains specific information about the terms of that offering, including the specific amounts, prices and terms of the Securities offered. The prospectus supplement may also add, update or change information contained in this prospectus. You should carefully read both this prospectus, any accompanying prospectus supplement and any free writing prospectus prepared by or on behalf of us, together with the additional information described under the heading “Where You Can Find More Information.” This prospectus does not contain all of the information set forth in the registration statement we have filed with the SEC of which this prospectus forms a part, certain parts of which are omitted in accordance with the rules and regulations of the SEC. You