Published 22 hours ago

Canopy Growth pays down $100M in debt, extends loan maturity

Summary by newsbudz.com

Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) prepaid $100 million of its term loan at a discount, the company said Thursday. The Canadian cannabis company said it paid $97.5 million to reduce the loan by $100 million, a move expected to save about $14 million annually in interest expenses. The prepayment is part of a loan amendment agreed upon in August, which also extended the loan's maturity to December 2026. Judy Hong, Canopy's chief financi…

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Canopy Growth pays down $100M in debt, extends loan maturity

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