Constellation brands announces plan to convert common stock holding in canopy growth

Victor, n.y., oct. 25, 2022 (globe newswire) -- constellation brands, inc. (nyse: stz and stz.b), a leading beverage alcohol company, announced today that its indirect, wholly-owned subsidiaries, greenstar canada investment limited partnership (“greenstar”) and cbg holdings llc (“cbg”), have entered into a consent agreement (the “consent agreement”) with canopy growth corporation (“canopy”), providing their consent in respect of a proposed corporate transaction (the “transaction”) by canopy to consolidate its u.s cannabis assets into a newly formed entity (“canopy usa”). canopy only holds non-voting and non-participating exchangeable shares of canopy usa which are convertible into common shares of canopy usa. third-party investors will hold 100% of the common shares of canopy usa.
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