Canopy Growth Corporation has completed an early prepayment of US$25 million towards its senior secured term loan.
The company made the first of three prepayments in the amount of US$25 million on July 31, 2025. The current prepayment, which the company has elected to make early, satisfies the remainder of the company's obligations set forth in the agreement.
"Having accelerated the full US$50 million prepayments of our Term Loan under the Agreement, the Company has captured US$4.0 million of cash interest savings for fiscal 2026. By reducing debt and interest expense, we continue to take prudent steps that strengthen the Company's financial position," said Tom Stewart, Interim Chief Financial Officer.
For more information:
Canopy Growth Corp.
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canopygrowth.com
