canopy growth corp cgc weed said friday it will buy back and cancel c125 million 94 million in 425 unsecured senior notes due 2023 in exchange for cash in a private placement deal with unnamed noteholders the deal includes accrued and unpaid interest owed under the notes and the issuance of approximately 243 million shares of canopy stock to the note holders canopy growth cfo judy hong said the cannabis company is “pleased to have reached an agreement to equitize these notes and remain focused on further strengthening canopy’s financial position” canopy growth stock is up 23 in premarket trades canopy growth has cut 1200 jobs in past year and it issued a “going concern” warning earlier this month