Cannabis company Canopy Growth signs deals with lenders to reduce debt

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Jun 17, 2007
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SMITHS FALLS, Ont. — Canopy Growth Corp. says it has signed deals with its secured and unsecured lenders that it expects will help the cannabis company reduce its total debt by about $437 million over the next six months. The company says the moves are also expected to help lower annual interest costs by approximately $20 million to $30 million. Canopy chief financial officer Judy Hong says the agreements will enable the company to preserve cash and further improve its balance sheet through accr
 
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