Canopy Growth Corp. CGC -11.38% is up 1.8% on premarket trades, after the cannabis firm announced that it had completed all conversions in its $100 million sale of senior unsecured convertible debt to an institution investor in February. The Smiths Falls company, based in Ontario, first announced the deal on February 21. According to a press release, CFO Judy Hong stated that the deal “underscores Canopy Growth’s continued commitment to deleveraging” and strengthening its financial position. The debentures could be converted into common shares by the institutional investor for a price equaling 92.5% the volume-weighted three-day average price of Canopy Growth’s common stock on the day before conversion. Canopy Growth cut 1,200 positions in the past year, and warned earlier this month that it was a “going concern”.