Wow.....That's one VERY confusing...https://finance.yahoo.com/news/canopy-growth-files-revised-proxy-113000532.html
Ambiguous, unclear news release, among the several others that Canopy has put out recently with their "so called" transition. Chuck full of very complicated accounting & reporting trickery, jammed packed with all the smoke & mirrors you can possibly add. ThoughI'm no Certified Accountant, i'm no slouch in the accounting & financial reporting departement either, and the ability to read & decipher even the most complicated of financial statements. But what Canopy is doing here or is attempting to do, is even beyond my capacity to grasp, with all the confusing & convoluted statements they put out recently. Maybe some folks with a BETTER understading & a deep knowledge than me on the accounting side would be able to shed more light on this.........for those that care or are interested in knowing wth is going on. I'm no s/h here.....so i really don't give a rat's behind.........but still interesting nonetheless..
As i'm not really sure WHATY Canopy mgmt is trying to accomplish here with all the mombo jombo confusing statements or what their objectives are in thev end, but to me it looks like they're trying to salavage a more or less BK entity......and their BUTTS..... with complicated accounting & financial wizardry.....maybe even try to hide a few things in a borderline legal way. Who knows really! But this looking more & more like a complete train wreck & total mess.
But the one statement that really stood out among the rest, is the following.
"Canopy USA, LLC ("Canopy USA"). Upon receiving shareholder approval for the creation of a new class of non-voting exchangeable shares in the capital of Canopy Growth, Canopy USA is expected to exercise rights to acquire Acreage Holdings, Inc. ("Acreage"); Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (collectively, "Wana"); and Lemurian, Inc. ("Jetty").
After the SEC completes its review of the proxy statement, a date for the special meeting of shareholders will be set where shareholders will be asked to consider a special resolution authorizing an amendment to the Company's articles of incorporation to create the new class of non-voting exchangeable shares in the capital of Canopy Growth."
What does this really mean or entail......? LOL.......i'm guessing if YOU'RE a s/h who's losing your shirt on this mess, you'd probably wanna know what this really means.....lol
I'll take wild guess here........lol.....that this convoluted mess of a release/statment is probably NOT the last one Canopy mgmt will release to the public as to their "transition"......lol.......For s/h...the only thing i can say is that .... MAY GOD BE WITH YOU or at least by your side.....you'll need it....
GLTA