Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) has entered into an exchange and subscription agreement with a single institutional investor under which the Ontario-based company is expected to receive gross proceeds of roughly $50 million and exchange approximately CA$27.5 million ($20 million) of existing debt maturing in September 2025 for a new senior unsecured convertible debenture of the company maturing five years following the day of issuance. The Deal Details Under the terms of the deal, the investor will acquire a convertible debenture in an aggregate principal amount equal to CA$96,358,375 on closing. Canopy will issue to the investor an additional 3,350,430 of its common share purchase warrants, with each warrant entitling the holder to acquire one common share of the company at CA$16.18 per common share during the five years following the closing of the agreement. The convertible debenture will carry interest at a 7.50% annual rate, payable in semi-annual payments in cash ...