Canopy growth announces cbi conversion to exchangeable shares and newly constituted board of directors
Conversion of greenstar promissory note into exchangeable shares further improves canopy's balance sheet through the elimination of short term debt, reduces overall debt balance by c$100mm smiths falls, on , april 18, 2024 /prnewswire/ - 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.
CGC Ratings Summary
CGC Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission