Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors [Yahoo! Finance]
Canopy Growth Corporation - Common Shares (CGC)
Company Research
Source: Yahoo! Finance
SMITHS FALLS, ON April 18, 2024 /CNW/ - Canopy Growth Corporation (" Canopy Growth " or the " Company ") (TSX: WEED) (NASDAQ: CGC) announced today that in connection with the creation of the non-voting and non-participating exchangeable shares in the capital of Canopy Growth (the " Exchangeable Shares "), on April 18, 2024 , Greenstar Canada Investment Limited Partnership (" Greenstar ") and CBG Holdings LLC (" CBG " and, together with Greenstar, the " CBG Group "), each a wholly-owned subsidiary of Constellation Brands, Inc. (" CBI "), exchanged all 17,149,925 common shares in the capital of the Company (the " Common Shares ") they collectively held for 17,149,925 Exchangeable Shares (the " CBI Exchange ") for no consideration. As a result of the CBI Exchange, the CBG Group no longer holds any Common Shares. Each Exchangeable Share is convertible, at the option of the holder, into one Common Share. The Exchangeable Shares are not traded on a public market and represent an interest i
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CGC
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- Cannabis Stocks Spike Following Reports Marijuana Will Be Reclassified As Less Dangerous Drug [Forbes]Forbes
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CGC
Earnings
- 2/9/24 - Miss
CGC
Sec Filings
- 4/30/24 - Form 424B3
- 4/30/24 - Form 424B3
- 4/30/24 - Form 8-K
- CGC's page on the SEC website