Company: CGC
Filing Date: 2025-06-06
Form Type: 424B7
Source: 0001104659-25-057341
Chunk: 0

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B7
Chunk 0
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TABLE OF CONTENTS

#### Filed pursuant to Rule 424(b)(7)​

#### Registration No. 333-279949​

### PROSPECTUS

#### 21,856,810 Common Shares
This prospectus relates to the offer and sale from time to time of up to 21,856,810 of our common shares (the “Shares”) by the selling securityholders listed in the section of this prospectus entitled “Selling Securityholders” (the “Selling Securityholders”), which is comprised of:

1.

349,787 Shares (the “Jetty and TRA Shares”) issued (a) on May 17, 2022 and May 25, 2022 pursuant to an Option Agreement, dated as of May 17, 2022, by and among us, Canopy Oak LLC (“Canopy Oak”), Lemurian, Inc., a California corporation (“Jetty”), and the other parties thereto (the “Primary Option Agreement”); (b) on May 17, 2022 pursuant to an Option Agreement, dated as of May 17, 2022, by and among Canopy Oak and the other parties thereto (the “Secondary Option Agreement”); and (c) on November 4, 2022 and March 17, 2023 pursuant to the Third Amendment to Tax Receivable Agreement (the “TRA Amendment”), dated as of October 24, 2022, by and among us, Canopy USA, LLC, a Delaware limited liability company (“Canopy USA”), Acreage Holdings America, Inc., a Nevada Corporation, High Street Capital Partners, LLC, a Delaware limited liability company (“HSCP”), and certain members of HSCP.

2.

up to 2,292,946 Shares (the “September 2023 Warrant Shares”) issuable upon the exercise of warrants (the “September 2023 Warrants”) issued in connection with a private placement of units on September 19, 2023 (the “September 2023 Private Placement”). Each unit (the “September 2023 Units”) consisted of one of our common shares (“Common Shares”) and one September 2023 Warrant. Each September 2023 Warrant is exercisable for one Common Share at an exercise price of US$13.50 per share, and is exercisable for a period that commenced on September 19, 2023 and will end on September 19, 2028.

3.

up to 6,