Canopy Growth Corporation (Canopy) has announced a Special Meeting of shareholders to be held virtually on April 12, 2024, to consider a special resolution authorizing an amendment to the company's Articles of Incorporation. The amendment proposes the creation of an unlimited number of non-voting, non-participating exchangeable shares and the restatement of the rights of the common shares to include a conversion feature. This move follows Canopy's strategic repositioning to enter the U.S. cannabis market, facilitated by the formation of Canopy USA, LLC, a Delaware holding company. Canopy USA holds the company's Structured U.S. Investments, which include options to acquire U.S. cannabis businesses that are currently federally illegal. The amendment aims to provide shareholders with...Show More

Canopy Growth Corporation (Canopy) has announced a Special Meeting of shareholders to be held virtually on April 12, 2024, to consider a special resolution authorizing an amendment to the company's Articles of Incorporation. The amendment proposes the creation of an unlimited number of non-voting, non-participating exchangeable shares and the restatement of the rights of the common shares to include a conversion feature. This move follows Canopy's strategic repositioning to enter the U.S. cannabis market, facilitated by the formation of Canopy USA, LLC, a Delaware holding company. Canopy USA holds the company's Structured U.S. Investments, which include options to acquire U.S. cannabis businesses that are currently federally illegal. The amendment aims to provide shareholders with the opportunity to assess their comfort with Canopy's U.S. cannabis market exposure and to retain a non-voting interest in the company. The Board unanimously recommends shareholders vote in favor of the amendment. If the resolution is not approved, Canopy USA will not be permitted to exercise rights to acquire shares of Acreage, Wana, or Jetty, and related agreements will be terminated.