Company: CGC
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001104659-25-085779
Chunk: 1

Company: Canopy Growth Corp
Filing Date: 2025-08-29
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01.      Other Events.  

On August 29, 2025, the Company entered into
an equity distribution agreement (the “ Equity Distribution Agreement”) with BMO Capital Markets Corp. (the “ U. S. Agent”)
and BMO Nesbitt Burns Inc. (the “ Canadian Agent”, and together with the U. S. Agent, the “ Agents” and each an “ Agent”),
pursuant to which the Company may offer and sell, from time to time, up to an aggregate offering price of up to $200,000,000 of the Company’s
common shares (the “ Common Shares”) through the U. S. Agent, less any amounts sold in Canada through the Canadian Agent pursuant
to the Concurrent Canadian Offering (as defined below); provided, however, that (i) in no event will the Company sell Common
Shares in the Concurrent Canadian Offering for aggregate gross sales proceeds exceeding $50,000,000 (the “ Canadian Cap”) and
(ii) in no event will the combined gross sales proceeds of the U. S. Offering (as defined below) and the Concurrent Canadian Offering
exceed $200,000,000. The U. S. Agent may sell Common Shares only in the United States (the “ U. S. Offering”), and the Canadian
Agent may sell Common Shares only on marketplaces in Canada (the “ Concurrent Canadian Offering”), subject to the Canadian
Cap. The Equity Distribution Agreement replaces the equity distribution agreement, dated February 28, 2025, as amended, among the
Company and the Agents, which terminated upon the Company’s entry into the Equity Distribution Agreement.

In the U. S. Offering,
sales of Common Shares, if any, will be made by any method that is deemed to be an “at the market offering” as defined in
Rule 415(a)(4) under the Securities Act, including, but not limited to, sales made directly on The Nasdaq Global Select Market
or any other trading market for the Common Shares in the United States or pursuant to any other sales method used by the U. S. Agent. In
the Concurrent Canadian Offering, sales of Common Shares, if any, will be made in transactions that are deemed to be “at-the-market
distributions” as defined in National Instrument 44-102 - Shelf Distributions, including sales made by the Canadian
Agent directly on the Toronto Stock Exchange or any other marketplace for the Common Shares in Canada or pursuant to