Company: CGC
Filing Date: 2025-08-29
Form Type: 424B5
Source: 0001104659-25-085662
Chunk: 23

Company: Canopy Growth Corp
Filing Date: 2025-08-29
Form: 424B5
Chunk 23
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 as agents in connection with the sale of Common Shares pursuant to the Equity Distribution Agreement. The Commission will be paid in the same currency in which the applicable Common Shares were sold. The sale proceeds remaining after payment of the Commission and after deducting any expenses payable by us and any transaction or filing fees imposed by any governmental, regulatory, or self-regulatory organization in connection with the sales, will equal the net proceeds to us from the sale of such Common Shares.

The applicable Agent or Agents will provide written confirmation to us no later than the opening of the trading day immediately following the trading day on which it has made sales of the Common Shares under the Equity Distribution Agreement. Each confirmation will include the number of Common Shares sold on such day (specifying the marketplace on which such Common Shares were sold), the price of the Common Shares sold on such day, the gross proceeds, the Commission payable by us to the applicable Agent with respect to such sales, and the net proceeds payable to us.

We will disclose the number and average price of the Common Shares sold under this offering and in the Concurrent Canadian Offering, the gross proceeds and net proceeds from such sales, as well as the aggregate compensation paid or payable by the Company to the Agents with respect to such sales, in our annual and

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interim financial statements and related management’s discussion and analysis filed on EDGAR and SEDAR+ for any quarters in which sales of Common Shares occur in this offering or in the Concurrent Canadian Offering.

Settlement for sales of Common Shares will occur, unless the parties agree otherwise, on the first trading day on the applicable exchange following the date on which any sales were made in return for payment of the net proceeds to us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement. Sales of Common Shares in the United States will be settled through the facilities of The Depository Trust Company or by such other means as we and the Agent may agree upon, and sales of Common Shares in Canada will be settled through the facilities of CDS Clearing and Depository Services Inc. or by such other means as we and the Canadian Agent may agree upon.

The Agent will only sell Common Shares in the United States in this offering and the Canadian Agent will only sell Common Shares on marketplaces in Canada in the Concurrent Canadian Offering; subject to the Canadian Cap.

In connection with the sales of the Common Shares on our behalf, each of the Agents may be deemed to be