Canopy Growth shares rise 3.81% premarket after announcing a $50 million reduction in its Senior Secured Term Loan.

Canopy Growth Corporation rose 3.81% in premarket trading, with the company announcing that it has entered into an agreement with certain of its lenders to make three prepayments that are expected to reduce the Company's Senior Secured Term Loan by US$50 Million by March 31, 2026. The agreement was entered into in order to facilitate the Acreage Financing.