08:06 AM EDT, 04/01/2025 (MT Newswires) -- Canopy Growth ( CGC ) on Tuesday said it made an optional early prepayment of US$100 million under its senior secured term loan at a discounted price of US$97.5 million. The company will save about US$13 million in interest expenses on an annualized basis.

"Canopy has further improved its balance sheet with this early prepayment by reducing our overall debt position as well as lowering annual interest costs," said Judy Hong, chief financial officer. "In addition, with this prepayment now made, we have no material debt obligation until September 2027."

The company's shares were last seen up US$0.02, to US$0.93, in New York trading.