RE:RE:LOOKS LIKELY TO BREAK DOWNWARD Canopy Growth files to sell 16.32M shares of common stock for holders
Cannabis producer Canopy Growth (NASDAQ:CGC) to sale from time to time of up to 16,317,020 of common shares which is comprised of: (i) 8,158,510 common shares, (ii) 1,909,600 common shares underlying our Series A Warrants and (iii) 6,248,910 common shares underlying our Series B Warrants.
Each of the Warrants is exercisable for one Common Share at an exercise price of $4.83.
The Series A Warrants and the Series B Warrants are identical, except the Series A Warrants are exercisable for a period that commenced on January 19, 2024 and will end on January 19, 2029, and the Series B Warrants are exercisable for a period commencing on July 19, 2024 and ending on July 19, 2029.