canopy growth said friday that it has made a series of agreements with its lenders to reduce the principal owed on its debts the smith falls ontariobased cannabis company said that the agreements include redemption agreements with some of its bondholders and with its credit lenders canopy said that the result of all its agreements will help reduce debt by 4371 million over the next two quarters and save between 20 million and 30 million in annualized interest expenses through these actions canopy also expects to preserve about 92 million in cash by settling about 193 million of the principal amount of its existing notes through issuing new stock as well as new convertible debentures