Company: CGC
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001104659-25-057337
Chunk: 36

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B5
Chunk 36
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 not be deemed to constitute a part of this prospectus, except as so modified or superseded.

If requested orally or in writing, we will provide to each person, including any beneficial owner, to whom this prospectus supplement is delivered, at no cost, a copy of any or all of the information that has been incorporated by reference in this prospectus supplement but not delivered with this prospectus supplement. Exhibits to the filings will not be sent, however, unless those exhibits have specifically been incorporated by reference into such documents. To obtain a copy of these filings at no cost, you may write to us at the following address:

<div align='center'>Canopy Growth Corporation 
 1 Hershey Drive 
 Smiths Falls, Ontario, Canada K7A 0A8 
 (855) 558-9333 
 Attention: Chief Legal Officer

S-26</div>

TABLE OF CONTENTS

#### Prospectus
<div align='center'>**$500,000,000**</div>

#### Common Shares

#### Exchangeable Shares

#### Debt Securities

#### Subscription Receipts

#### Units

#### Warrants
We may from time to time offer and sell up to $500,000,000 in the aggregate of our common shares (“Common Shares”), non-voting and non-participating exchangeable shares (the “Exchangeable Shares”), debt securities (“Debt Securities”), subscription receipts (“Subscription Receipts”), units (“Units”), and warrants (“Warrants”) (collectively, the “Securities”). The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more prospectus supplements. The Securities may be offered and sold in the United States and elsewhere where permitted by law. We will provide the specific terms of the Securities in supplements to this prospectus that will be delivered to purchasers together with this prospectus. You should read this prospectus and any prospectus supplement carefully before you invest in the Securities.

<div align='center'>**This prospectus may not be used to sell the Securities unless accompanied by a prospectus supplement.**</div>

We may sell the Securities to or through underwriters or dealers purchasing as principals and may also sell the Securities to one or more purchasers directly or through agents. See “Plan of Distribution.” The prospectus supplement relating to a particular offering of Securities will identify each underwriter, dealer or agent, as the case may be, engaged by us in connection with the