Cannabis producer Canopy swaps shares for $255 million of its debt

MJBizDaily
By Matt LamersJun 30, 2022, 5:17 pm192 pts
Canadian cannabis producer Canopy Growth reached a deal with noteholders to trade 255.4 million Canadian dollars ($198 million) of debt for shares and cash, thereby reducing a substantial portion of its convertible debt set to mature next year. Cannabis producer Canopy swaps shares for $255 million of its…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

How private credit built – and will continue to sustain – the cannabis industry 46

Embracing Marijuana Legalization Could Help GOP Win Over More Young Voters, Trump’s First Attorney General Pick Suggests 39

AYR Wellness Has No Estimate for Q1 2025 Interim Filings; Trading Remains on Hold 29

4Front Ventures’ Receivership Proceedings Progress; Board Members Resign

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.