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Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Comment by caretired1on Mar 11, 2024 1:32pm
97 Views
Post# 35926757

RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARES

RE:RE:RE:RE:RE:RE:RE:RE:New Press Release - CANOPY GROWTH ANNOUNCES DETAILS REGARDING CONVERTING INTO EXCHANGEABLE SHARESYa, I've looked through things a couple of times.
CUSA will pay whatever remains on the US company acquisitions by issuing shares, I belive.
There is nothing specific about whether these new subsidiaries of CUSA will be amalgamated or remain legally separate
CUSA will not have its shares trading anywhere until US leaglization and then they would have to list or go public or do something.
I also dont think the exchangeable shares that you may convert your commion shares to will be ppublically tradeable at the outset - I've asked Canopy IR to confirm.

The vote though is only to agree to Canopy creating these new shares so they can own CUSA wuthout control in the eyes of NASDAQ so they can complete the purchase of the 3 companies(Wana, etc) and tell the world what they look like financailly and have CUSA begin to create synergies and growth amongst the 3.  Won't know what they really look like until after CUSA has completed its acquisitions.
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