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Constellation Brands Announces Conversion Of Common Shares And Exchange Of Promissory Note Into Exchangeable Shares Of Canopy Growth Corporation

Constellation Brands Announces Conversion Of Common Shares And Exchange Of Promissory Note Into Exchangeable Shares Of Canopy Growth Corporation
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Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation

Constellation Brands Announces Conversion of Common Shares and Exchange of Promissory Note Into Exchangeable Shares of Canopy Growth Corporation
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Canopy Growth's Big Step Toward Entry Into US Cannabis Market As DEA Rescheduling Looms - Constellation Brands (NYSE:STZ), Canopy Gwth (NASDAQ:CGC)

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) said that in connection with the creation of the company's non-voting and non-participating exchangeable shares, on Thursday, April 18, Greenstar Canada Investment Limited Partnership and CBG Holdings LLC, each a wholly-owned subsidiary of Constellation Brands Inc (NYSE: STZ) exchanged all 17,149,925 common shares in the capital of the company they collectively held for 17,149,925 exchangeable shares for no consideration. The CBG Group no longer holds any common shares of Canopy, as a result, the company said on Thursday. In connection with the termination of the investor rights agreement between CBG, Greenstar and Canopy Growth, the parties entered earlier and following the note exchange, Garth Hankinson, Judy Schmeling and James Sabia each provided notice to the company of his or her decision to resign from the board.

Canopy Growth (CGC) Announces CBI Conversion to Exchangeable Shares, Appoints New Board

Canopy Growth (CGC) Announces CBI Conversion to Exchangeable Shares, Appoints New Board
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