Constellation brands announces expiration of canopy growth warrants

Victor, n.y., nov. 03, 2023 (globe newswire) -- constellation brands, inc. (nyse: stz), a leading beverage alcohol company, announced today the expiration of all its warrants (“warrants”) to purchase common shares (“common shares”) of canopy growth corporation (“canopy”). all 88,472,861 tranche a warrants held by constellation's wholly-owned subsidiary, cbg holdings llc (“cbg”), expired as of november 1, 2023. since the vesting of the remaining aggregate of 51,272,592 tranche b and tranche c warrants was conditioned on the exercise, in full, of the tranche a warrants, the remaining warrants are not, and will not become, exercisable by cbg. as a result, constellation is no longer deemed to beneficially own any of the 139,745,453 common shares underlying the warrants.
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