Canopy Growth Completes Early Prepayment Of $25M Against Senior Secured Term Loan

Aggregate prepayments totaling US$50 million completed under agreement with lenders are expected to reduce annual cash interest expense by US$6.5 million

Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX:WEED) (NASDAQ:CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that it completed an early prepayment of US$25 million (the "Prepayment") against the Company's senior secured term loan (the "Term Loan").

The Company previously entered into an agreement with certain of its lenders (the "Agreement"), which the Company announced on July 29, 2025. Under the terms of the Agreement, Canopy Growth agreed to make the following prepayments under the Term Loan: (i) US$25,000,000 at par on or about July 31, 2025; (ii) US$10,000,000 at par on or prior to December 31, 2025; and (iii) US$15,000,000 at par on or prior to March 31, 2026.

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.