Company: CGC
Filing Date: 2025-05-29
Form Type: POSASR
Source: 0001104659-25-054285
Chunk: 77

Company: Canopy Growth Corp
Filing Date: 2025-05-29
Form: POSASR
Chunk 77
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 an outstanding put liability that was assigned to us. Each Put Warrant is exercisable for one Common Share at an exercise price of US$3.66 per share, and is exercisable for a period that commenced on December 9, 2024 and will end on June 6, 2029.

Our registration for resale of the Shares covered by this prospectus does not mean that the Selling Securityholders will offer or sell any of the Shares. The Selling Securityholders may sell the Shares covered by this prospectus in a number of different ways and at varying prices. For additional information on the possible methods of sale that may be used by the Selling Securityholders, you should refer to the section of this prospectus entitled “Plan of Distribution” beginning on page 11 of this prospectus. We will not receive any of the proceeds from the resale of Shares sold by the Selling Securityholders.

You should read this prospectus carefully before you invest in our Common Shares.

Investing in our Common Shares involves a high degree of risk. See “Risk Factors” beginning on page 3of this prospectus.

Our Common Shares are listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the symbol “WEED” and on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “CGC”. On May 28, 2025, the closing price of our Common Shares on Nasdaq was US$1.77 per share.

Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**

#### The date of this prospectus is May 29, 2025
TABLE OF CONTENTS

TABLE OF CONTENTS

| ​ | ​                                                    | ​ | ​ | ​ | ​ | Page | ​ | ​ |
| ​ | Prospectus                                           | ​ | ​ | ​ | ​ |    ​ | ​ | ​ |
| ​ | About this Prospectus                                | ​ | ​ | ​ | ​ |    1 | ​ | ​ |
| ​ | Cautionary Note Regarding Forward Looking Statements | ​ | ​ | ​ | ​ |    2 | ​ | ​ |
| ​ | Risk Factors                                         | ​ | ​ | ​ | ​ |    3 | ​ | ​ |
| ​ | The Company                                          | ​ | ​ | ​ | ​ |    4 | ​ | ​ |
| ​