RE:RE:Canopy Constellation $5 BILLION deal closedMy understanding is that there are NOT any new shares being issued. The 105 million or so shares that Constellation is receiving are actually being bought directly from the company itself; i.e. they are part of the existing share float. The warrants, however, that Constellation are receiving, are new warrants, and, if exercised, will result in the issuance of new shares at the time of exercise. So once this deal closes, we will have the same market cap (about 11B), but 5B in cash. Which makes the current valuation fairly insane.