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

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

Canopy Growth | 8-K：Canopy Growth宣佈將CBI轉換爲可交換股票和新成立的董事會
美股sec公告 ·  04/20 04:21
牛牛AI助理已提取核心訊息
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與Constellation Brands, Inc.（CBI）的子公司加拿大綠星投資有限合夥企業進行了一項重大交易，將約8,120萬加元的期票轉換爲9,111,549股無表決權、非參與的可交換股份。這一舉措，加上CBG集團（Greenstar和CBG Holdings LLC）持有的所有普通股轉換爲可交換股份，實際上使Canopy Growth的債務減少了1億加元。可交換股份可由持有人自行決定轉換爲普通股，並且不公開交易。這些交易之後，CBG集團不再持有任何普通股，但現在擁有26,261,474股可交換股份。同時，Can...展開全部
2024年4月18日，Canopy Growth Corporation與Constellation Brands, Inc.（CBI）的子公司加拿大綠星投資有限合夥企業進行了一項重大交易，將約8,120萬加元的期票轉換爲9,111,549股無表決權、非參與的可交換股份。這一舉措，加上CBG集團（Greenstar和CBG Holdings LLC）持有的所有普通股轉換爲可交換股份，實際上使Canopy Growth的債務減少了1億加元。可交換股份可由持有人自行決定轉換爲普通股，並且不公開交易。這些交易之後，CBG集團不再持有任何普通股，但現在擁有26,261,474股可交換股份。同時，Canopy Growth與CBI之間的投資者權利協議和其他商業安排被終止，導致CBI放棄了治理權，包括提名董事會成員的權利。這導致三名CBI提名的董事立即辭去了Canopy Growth董事會的職務。該公司的新聞稿還強調了這些變化對Canopy Growth資產負債表和治理結構的積極影響。

該公告為獨立文件：

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譯文內容由第三人軟體翻譯。


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