Canopy Growth Announces Closing of Plan of Arrangement Involving RIV Capital
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Canopy Growth holds conditional ownership of approximately 20% in TerrAscend
SMITHS FALLS, ON, Feb. 23, 2021 /PRNewswire/ - Canopy Growth Corporation ( Canopy Growth ) (TSX: WEED) (NASDAQ: CGC) announces that it has closed the previously announced plan of arrangement under the
Business Corporations Act (Ontario) (the Arrangement ) involving Canopy Growth, RIV Capital Inc. (formerly Canopy Rivers Inc.) ( RIV Capital ) (TSX: RIV) (OTC: CNPOF) and its wholly-owned subsidiary, RIV Capital Corporation (formerly Canopy Rivers Corporation) ( RCC ), as well as Canopy Growth s wholly-owned subsidiary, The Tweed Tree Lot Inc. ( Tweed NB ).
RIV Capital Closes Plan of Arrangement Involving Canopy Growth, Paving Way for Entry Into U S Market
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RIV Capital Closes Plan of Arrangement Involving Canopy Growth, Paving Way for Entry Into U S Market
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Rivers Shareholders Approve Plan of Arrangement with Canopy Growth
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Rivers or the
Company ) (TSX: RIV) (OTC: CNPOF) is pleased to announce that its shareholders voted today to approve the previously announced plan of arrangement (the
Arrangement ) involving Canopy Growth Corporation (
Canopy Growth ) (TSX: WEED) (NASDAQ: CGC).
Approximately 99.87% of the votes cast by Rivers shareholders were voted in favour of the Arrangement, including approximately 99.85% of the votes cast by Rivers shareholders other than Canopy Growth, whose votes were required to be excluded pursuant to Multilateral Instrument 61-101 –
Protection of Minority Security Holders in Special Transactions. Approval was required from at least (i) two-thirds of the votes cast by the holders of Subordinated Voting Shares (
Canopy Growth Reports Third Quarter Fiscal 2021 Financial Results
Improved commercial and operational execution drives record net revenue of $153 million, up 23% vs Q3 2020
Q3 2021 Canadian recreational market share increased by 30bps vs Q2 2021 based on our proprietary market share tracker Provides medium-term financial targets, including expectations to achieve profitability during the second half of FY 2022, while continuing to invest behind consumer insights, R&D and the U.S. market
With renewed sense of optimism, Canopy further advanced the U.S. growth strategy ahead of potential cannabis reform
SMITHS FALLS, Ontario, Feb. 9, 2021 /PRNewswire/ Canopy Growth Corporation ( Canopy Growth or the Company ) (TSX: WEED) (NASDAQ: CGC) today announces its financial results for the third quarter fiscal 2021 ended December 31, 2020. All financial information in this press release is reported in millions of Canadian dollars, unless otherwise indicated.