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Canopy Growth | 8-K: Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors

キャノピー・グロース | 8-K:臨時報告書

SEC announcement ·  04/19 16:21
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On April 18, 2024, Canopy Growth Corporation entered into a significant transaction with Greenstar Canada Investment Limited Partnership, a subsidiary of Constellation Brands, Inc. (CBI), converting approximately C$81.2 million of a promissory note into 9,111,549 non-voting, non-participating exchangeable shares. This move, along with the conversion of all common shares held by the CBG Group (Greenstar and CBG Holdings LLC) into exchangeable shares, has effectively reduced Canopy Growth's debt by C$100 million. The exchangeable shares are convertible into common shares at the holder's discretion and are not publicly traded. Following these transactions, the CBG Group no longer holds any common shares but now possesses 26,261,474 exchangeable shares. Concurrently, the Investor Rights Agreement and other commercial arrangements between Canopy Growth and CBI...Show More
On April 18, 2024, Canopy Growth Corporation entered into a significant transaction with Greenstar Canada Investment Limited Partnership, a subsidiary of Constellation Brands, Inc. (CBI), converting approximately C$81.2 million of a promissory note into 9,111,549 non-voting, non-participating exchangeable shares. This move, along with the conversion of all common shares held by the CBG Group (Greenstar and CBG Holdings LLC) into exchangeable shares, has effectively reduced Canopy Growth's debt by C$100 million. The exchangeable shares are convertible into common shares at the holder's discretion and are not publicly traded. Following these transactions, the CBG Group no longer holds any common shares but now possesses 26,261,474 exchangeable shares. Concurrently, the Investor Rights Agreement and other commercial arrangements between Canopy Growth and CBI were terminated, resulting in CBI relinquishing governance rights, including the right to nominate board members. This led to the immediate resignation of three CBI-nominated directors from Canopy Growth's board. The company's press release also highlighted the positive impact of these changes on Canopy Growth's balance sheet and governance structure.
2024年4月18日、Canopy Growth Corporationは、Constellation Brands, Inc.(CBI)の子会社であるGreenstar Canada Investment Limited Partnershipと重要な取引に入り、約81億2000万カナダドルの約束手形を9,111,549株の非議決権参加型交換可能株式に転換した。CBGグループ(GreenstarとCBG Holdings LLC)が保有するすべての普通株式を交換可能株式に転換することに加えて、この動きによりCanopy Growthの債務を1億カナダドル削減することに成功した。交換可能株式は...すべて展開
2024年4月18日、Canopy Growth Corporationは、Constellation Brands, Inc.(CBI)の子会社であるGreenstar Canada Investment Limited Partnershipと重要な取引に入り、約81億2000万カナダドルの約束手形を9,111,549株の非議決権参加型交換可能株式に転換した。CBGグループ(GreenstarとCBG Holdings LLC)が保有するすべての普通株式を交換可能株式に転換することに加えて、この動きによりCanopy Growthの債務を1億カナダドル削減することに成功した。交換可能株式は保有者の裁量で普通株式に転換可能であり、公開取引されていない。これらの取引により、CBGグループはもはや普通株式は保有せず、26,261,474株の交換可能株式を所有することになった。同時に、Canopy GrowthとCBIの投資家権利協定およびその他の商業取引が解除され、CBIは取締役会メンバーを指名する権利を含め、統治権を放棄することになった。これにより、3人のCBI指名の取締役がCanopy Growthの取締役会から即座に辞任することになった。同社のプレスリリースはこれらの変更がCanopy Growthの財務状況および統治構造に及ぼす肯定的な影響についても強調している。
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