Canopy Growth Enters Material Definitive Agreement

Ticker: CGC · Form: 8-K · Filed: 2024-04-30T00:00:00.000Z

Sentiment: neutral

Topics: agreement, definitive-agreement

TL;DR

Canopy Growth signed a big deal, details TBD.

AI Summary

Canopy Growth Corporation announced on April 25, 2024, that it has entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or the financial implications, but it is categorized under 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.

Why It Matters

This filing indicates a significant new agreement for Canopy Growth, which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the material definitive agreement.

Key Players & Entities

Canopy Growth Corporation (company) — Registrant

FAQ

What is the nature of the material definitive agreement Canopy Growth entered into?

The filing does not specify the nature of the agreement, only that one has been entered into as of April 25, 2024.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the name of the other party involved in the agreement.

What are the financial terms or implications of this agreement?

The filing does not provide any details regarding the financial terms or expected impact of the agreement.

When was the agreement officially entered into?

The earliest event reported, which is the entry into the material definitive agreement, occurred on April 25, 2024.

Are there any exhibits or financial statements attached to this filing that provide more information?

The filing indicates 'Financial Statements and Exhibits' are included, but the content of these exhibits is not detailed in the provided text.

From the Filing

0001104659-24-054564.txt : 20240430 0001104659-24-054564.hdr.sgml : 20240430 20240430091628 ACCESSION NUMBER: 0001104659-24-054564 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240425 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Canopy Growth Corp CENTRAL INDEX KEY: 0001737927 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38496 FILM NUMBER: 24894267 BUSINESS ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 BUSINESS PHONE: 855-558-9333 MAIL ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 8-K 1 tm2412848d1_8k.htm FORM 8-K false 0001737927 Canopy Growth Corp 00-0000000 0001737927 2024-04-25 2024-04-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549       FORM 8-K       CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934     Date of Report (Date of earliest event reported): April 25, 2024       Canopy Growth Corporation (Exact name of registrant as specified in its charter)       Canada   001-38496   N/A (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1 Hershey Drive Smiths Falls , Ontario K7A 0A8 (Address of principal executive officers) (Zip Code)   ( 855 ) 558-9333 (Registrant’s telephone number, including area code)   Not Applicable (Former name or former address, if changed since last report)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value CGC Nasdaq Global Select Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company     ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨             Item 1.01 Entry into a Material Definitive Agreement.   Canopy Growth Corporation (the “ Company ” or “ Canopy Growth ”) previously disclosed in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “ SEC ”) on October 26, 2022 that it entered into an arrangement agreement dated October 24, 2022, as amended on March 17, 2023, May 31, 2023, August 31,