Oldweed wrote: Peyton wrote: Great find, Id like to know as well
investor1964 wrote: CBG holdings - as of 11/02/2018 says it owns 56% or $10B of Canopy - is that true for now or in theory once the warrants kick in?
https://fintel.io/i/cbg-holdings
https://fintel.io/doc/sec/1737927/000119312518317250/d648376dsc13da.htm
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby revised and supplemented with the following:
On November 1, 2018 (the “Closing Date”), CBG and the Issuer completed the transactions contemplated in the Subscription Agreement, dated August 14, 2018 (the “Purchase Agreement”). Pursuant to the Purchase Agreement, CBG purchased 104,500,000 Common Shares (the “Shares”) and 139,745,453 Common Share purchase warrants (the “CBG Warrants”), of which 88,472,861 of the CBG Warrants (the “Tranche A Warrants”) have an exercise price of C$50.40 and are immediately exercisable at any time and from time to time, for a period of three years from the Closing Date, and 51,272,592 of the CBG Warrants (the “Tranche B Warrants”) have an exercise price based on the five-day volume weighted average trading price of the Common Shares on the TSX at the time of exercise and have a term of three years from the Closing Date. The Tranche B Warrants are immediately exercisable if and when all of the Tranche A Warrants have been exercised. CBG acquired the Shares at a price of C$48.60 per share or an aggregate purchase price of approximately C$5.1 billion, or approximately $4 billion (the “Purchase Price”). As a result of the purchase of the Shares by CBG, Constellation, on a consolidated basis, owns approximately 37% of the outstanding Common Shares of the Issuer.