On October 17, 2024, Canopy Growth Corporation, a leading cannabis company, announced an early prepayment of US$100 million on its senior secured term loan at a discounted price of US$97.5 million. This strategic financial move is expected to save the company approximately US$14 million in annual interest expenses and is part of a broader effort to strengthen Canopy Growth's balance sheet. The prepayment is in line with the terms of a Term Loan Amendment agreed upon in August 2024, which also extended the loan's maturity date to December 18, 2026. The company has the option to make an additional prepayment by March 31, 2025, which would further extend the loan's maturity to September 18, 2027. CFO Judy Hong emphasized the company's commitment to reducing cash burn and enhancing shareholder value through debt reduction and balance sheet flexibility. The announcement reflects Canopy Growth's focus on fiscal discipline and strategic growth in the global cannabis market.

On October 17, 2024, Canopy Growth Corporation, a leading cannabis company, announced an early prepayment of US$100 million on its senior secured term loan at a discounted price of US$97.5 million. This strategic financial move is expected to save the company approximately US$14 million in annual interest expenses and is part of a broader effort to strengthen Canopy Growth's balance sheet. The prepayment is in line with the terms of a Term Loan Amendment agreed upon in August 2024, which also extended the loan's maturity date to December 18, 2026. The company has the option to make an additional prepayment by March 31, 2025, which would further extend the loan's maturity to September 18, 2027. CFO Judy Hong emphasized the company's commitment to reducing cash burn and enhancing shareholder value through debt reduction and balance sheet flexibility. The announcement reflects Canopy Growth's focus on fiscal discipline and strategic growth in the global cannabis market.