Summary by Futu AI
Canopy Growth Corporation, a leading cannabis and consumer packaged goods company, has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on January 26, 2024. The filing pertains to the registration of 16,317,020 common shares for resale, which includes shares issued in a private placement on January 19, 2024, and shares underlying Series A and Series B Warrants. The private placement involved the issuance of 8,158,510 units at a price of US$4.29 per unit, each consisting of one common share and one warrant. The Series A Warrants are exercisable at US$4.83 per share and have different exercise periods compared to the Series B Warrants. Canopy Growth will not receive proceeds from the resale of shares by the selling securityholders but could receive approximately US$39.4 million upon full cash exercise of the warrants, which would be used for working capital and other corporate purposes. The common shares are traded on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbols 'WEED' and 'CGC' respectively.