Company: CGC
Filing Date: 2025-06-06
Form Type: 424B5
Source: 0001104659-25-057337
Chunk: 17

Company: Canopy Growth Corp
Filing Date: 2025-06-06
Form: 424B5
Chunk 17
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 from time-to-time Common Shares having an aggregate sale price of up to $200,000,000 (or the equivalent in Canadian currency) in this offering and in the Concurrent Canadian Offering pursuant to placement notices delivered by us to the Agents from time to time in accordance with the terms of the Equity Distribution Agreement. As of June 4, 2025, we have sold $33,015,886 of Common Shares under the Equity Distribution Agreement. This prospectus supplement relates to the remaining $166,984,114 of Common Shares that we may sell pursuant to the Equity Distribution Agreement. In this 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 sales made by the Agent 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 Agent as permitted by applicable law, including, without limitation, as block transactions. 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 NI 44-102, including sales made by the Canadian Agent directly on the TSX or any other marketplace for the Common Shares in Canada or pursuant to any other sales method used by the Canadian Agent as permitted under applicable law, including, without limitation, as block transactions. Subject to the pricing parameters in a placement notice, the Common Shares offered will be distributed at the market prices prevailing at the time of the sale. As a result, prices may vary as between purchasers and during the period of distribution. We cannot predict the number of Common Shares that we may sell under the Equity Distribution Agreement on the Nasdaq Global Select Market, the TSX or any other trading market for the Common Shares in Canada or the United States, or if any Common Shares will be sold at all.

No minimum amount of funds must be raised under this offering or the Concurrent Canadian Offering. This means that the Company could complete this offering and the Concurrent Canadian Offering after raising only a small proportion of the offering amount set out above, or none at all.

The Agents will offer the Common Shares subject to the terms and conditions of the Equity Distribution Agreement at such times as agreed upon by us and the Agents. In respect of any such offers, we will deliver a placement notice to the Agents or applicable Agent which will effect the sale of the Common