RE:RE:RE:RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARESmonte8 wrote: OK then, this is much clearer. Thanks!
So what I understand is as follows:
- the issuance of shares will be non-dilutive to shareholders
- existing shareholder now has that option to convert (one to one) over to the USA Canopy Growth shares.
- the 3 companies existing will one day be converted to Canopy USA shares as one large corporation.
Monte,
Please do not consider my comments as the be all and end all on the subject. As noted, I am commenting based on my read of the news available. I am not an employee or representative of Canopy Growth, I am a Retail Investor.
Never stop researching and confirming things for yourself.
I would expect the CEO to do an interview this week on the subject. If I am around I will post a link to SH for anyone who misses it but I would suggest keeping an eye on TDR or simply Google "Canopy CEO interview" each day to see if you can find it.
All the best,
Q