Canopy Growth Reduces Debt with Early Loan Prepayment

The latest update is out from Canopy Growth ( (TSE:WEED) ).

Canopy Growth has announced an optional early prepayment of US$100 million on its senior secured term loan, resulting in annual interest savings of approximately US$13 million and extending the loan’s maturity to September 2027. This strategic move strengthens the company’s balance sheet by reducing debt and lowering interest costs, positioning Canopy Growth for sustainable growth in the evolving global cannabis market.

More about Canopy Growth

Canopy Growth is a leading cannabis company focused on leveraging the potential of cannabis to improve lives. It offers a range of innovative products under premium and mainstream brands such as Tweed, 7ACRES, DOJA, Deep Space, and Claybourne, as well as vaporization devices by Storz & Bickel. The company serves medical cannabis patients globally, with operations in Canada, Germany, Poland, and Australia, and has interests in the U.S. THC market through Canopy USA.

YTD Price Performance: -68.40%

Average Trading Volume: 8,029,186

Technical Sentiment Signal: Buy

Current Market Cap: $178.7M

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