Canopy Growth Corp., WEED, fell 17% in premarket trades on Thursday after the company said it had reached an agreement with Constellation Brands Inc. STZ to convert $198 million of convertible debt into stock. Constellation agreed to acquire between 21.93 million or 5.4% of Canopy stock and 30.7 million shares or 7.6% of Canopy stock that will convert from debt. The price of the stock will range from $2.50 a share to $3.50 a share. The company will help the company de-leverage its balance sheet and reduce interest payments by more than C $10.9 $8.44 million each year, according to Canopy Growth CFO Judy Hong, who said the transaction will address a large portion of its soon-to- mature convertible debt.