Company: CGC
Filing Date: 2025-05-30
Form Type: POS AM
Source: 0001104659-25-054925
Chunk: 2

Company: Canopy Growth Corp
Filing Date: 2025-05-30
Form: POS AM
Chunk 2
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 EXPLANATORY NOTE
Canopy Growth Corporation (the “Company”) has filed a Post-Effective Amendment No. 1 (“Post-Effective Amendment No. 1”) to the Registration Statement on Form S-3 (File No. 333-279949) (the “Automatic Shelf Registration Statement”) because the Company expected that it would no longer be a “well-known seasoned issuer” (as such term is defined in Rule 405 of the Securities Act of 1933, as amended) upon the filing of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025. Accordingly, the Company filed Post-Effective Amendment No. 1 for the purpose of including disclosure required for a registrant other than a well-known seasoned issuer, identifying the securities being registered, registering a specific amount of securities and paying the associated filing fee, as specified therein.

This Post-Effective Amendment No. 2 to the Registration Statement on Form S-3 (File No. 333-279949) (“Post-Effective Amendment No. 2”) is being filed using EDGAR submission type POS AM to convert the Automatic Shelf Registration Statement, as amended, to the proper EDGAR submission type for a non-automatic shelf registration statement.

This Post-Effective Amendment No. 2 contains:

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a base prospectus which covers the offering, issuance and sale by the Company of up to $500,000,000 of the Company’s common shares, exchangeable shares, debt securities, subscription receipts, units and/or warrants, in each case from time to time in one or more offerings (the “Base Prospectus”);

•

an equity distribution agreement prospectus supplement (the “Equity Distribution Agreement Prospectus Supplement”) covering the offering, issuance and sale by the Company of up to a maximum aggregate offering price of $172,069,635 of the Company’s common shares that may be issued and sold from time to time under the Equity Distribution Agreement, dated February 28, 2025, entered into by the Company with BMO Capital Markets Corp. and BMO Nesbitt Burns Inc. (as amended, the “Equity Distribution Agreement”); and

•

a resale prospectus covering the offer and sale by the selling securityholders identified therein from time to time of up to 21,856,810 of the Company’s common shares (the “Resale Prospectus”).

The Base Prospectus immediately follows this explanatory note. The specific terms of any securities to be offered pursuant to the