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Canopy Growth's Big Step Toward Entry Into US Cannabis Market As DEA Rescheduling Looms

Benzinga ·  Apr 20 01:28

Canopy Growth Corporation(TSX:WEED) (NASDAQ:CGC) said on Thursday, April 18 that in connection with the creation of the company's non-voting and non-participating exchangeable shares,Greenstar Canada Investment Limited PartnershipandCBG Holdings LLC, each a wholly-owned subsidiary ofConstellation Brands Inc (NYSE:STZ)exchanged all17,149,925 common shares in the capital of the company they collectively held for 17,149,925 exchangeable shares for no consideration.

The CBG Group no longer holds any common shares of Canopy, as a result, the company said on Thursday.

Each exchangeable share is convertible, at the option of the holder, into one common...

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