Canopy Growth Slashes Debt With $100M Loan Prepayment, Saves $14M In Interest
Portfolio Pulse from Nina Zdinjak
Canopy Growth Corporation has prepaid $100 million on its senior secured loan, saving $14 million in interest and reducing debt. This move is part of their strategy to enhance financial discipline and balance sheet flexibility, following their acquisition of the edibles brand Wana.
October 17, 2024 | 1:33 pm
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Canopy Growth Corporation prepaid $100 million on its loan, saving $14 million in interest. This move reduces debt and enhances financial flexibility, following their acquisition of Wana.
The prepayment reduces Canopy Growth's debt and interest expenses, improving its financial health. This aligns with their strategy to focus on growth and value creation, likely positively impacting stock prices.
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