“Degrassi: The Next Generation” will officially wrap after 14 seasons with its series finale this summer on TeenNick, the cabler announced Thursday.

The Canadian teen drama, which debuted in 2001, will close with a two-week finale event, kicking off with an hourlong special July 20, followed by new episodes each day of the week, ending on July 31 with the final episode.

“For an incredible 14 seasons, ‘Degrassi’ has been a groundbreaking show tackling so many important topics that real teens face in their everyday lives,” said Keith Dawkins, SVP and general manager, Nicktoons, TeenNick and Nick Jr. “In the final episodes on TeenNick and through the hour-long special and social activations, we hope to say goodbye in a way that is both fitting to the show and ‘Degrassi’s’ passionate fan base.”

“Degrassi” exec producer Stephen Stohn commented, “Few producers are as blessed as we have been, working with so many talented and creative individuals at TeenNick for 14 seasons of ‘Degrassi;’ including 385 episodes and over 100 pieces of original short-form web content. We thank all those at TeenNick who have worked so hard over the years to help us create a television series that changes with the times and continues to authentically connect and interact with the youth audience.”

Many stars got their start on “Degrassi” including “90210” alum Shanae Grimes, “Vampire Diaries'” Nina Dobrev and rapper Drake.

Leading into the July 31 series finale, another hourlong special, titled “It Goes There: Degrassi’s Most Talked About Moments,” will welcome cast members, creators and fans to talk about the series best moments.