RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARESI too are somewhat confused with this announcement. Can we discuss on this board how the average CG shareholder will be affected by this special resolution to be voted on as follows:
(i) creating and authorize the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy Growth (the "Exchangeable Shares"); and (ii) restate the rights of the common shares in the capital of Canopy Growth (the "Common Shares") to provide for a conversion feature whereby each Common Share may at any time, at the option of the holder, be converted into one Exchangeable Share. Canopy Shareholders will be asked to consider and vote on the Amendment Proposal at a special meeting of Canopy Shareholders on Friday, April 12, 2024.
I understand the basics by creating shares, this also means dilution, of course. This is required for the CG USA operating costs, right?
Aside from the dilution, how does all this affect thge average CG shareholder?