RE:RE:RE:RE:DEA isn't 100% finalThe way I read the NR I seen that the details will be released
AFTER the deal in finalized. Agreements are sometimes announced without all of the details being put forward in the event that some of the terms, size of the deal, etc should change prior to it being signed-off.
In reality Canopy likely could have not said anything about this until afterwards but instead they provided investors some level of a heads-up that debt has been exchanged for shares. The 5 year maturity being accepted by the backer is a good sign that the backer themselves see Canopy as a "safe-enough" investment for that period.
Once the SEC papers are filed we should be able to easily enough go into Sedar for the full and complete details. Sedar is free to use and typically has a lot more documents and research materials available that what would be found on a company's website.
Just my thoughts. I would suggest reading over the full press release a few times to ensure you gather as much out of it as you can.
The following is taken from the Press Release The closing of the offering pursuant to the Agreement is expected to occur during the week of May 6, 2024, subject to customary closing conditions. On the Closing Date, the Company will enter into a registration rights agreement with the Investor pursuant to which the Company will agree to file a registration statement with the U.S. Securities and Exchange Commission (the "SEC") within 45 days of the Closing Date covering the resale of the Common Shares underlying the Convertible Debenture and the Warrants.
The offer and sale of the foregoing securities are being made in a transaction not involving a public offering and the securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.