Canopy Growth Extends Debt Maturities to 2031 and Bolsters Liquidity
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Canopy Growth Corp. has announced strategic recapitalization transactions to strengthen its balance sheet and support growth. The company refinanced its term loan due in 2027 and exchanged convertible debentures maturing in 2029, extending all indebtedness maturities to January 2031. Canopy Growth expects to have approximately C$425 million in cash, enhancing liquidity and providing flexibility for long-term priorities, particularly in the European medical cannabis market, and advancing its path toward sustained profitability.
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