Conversion of Greenstar Promissory Note into Exchangeable Shares further improves Canopy’s balance sheet through the elimination of short term debt, reduces overall debt balance by C$100MM
SMITHS FALLS, ON, April 18, 2024 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company“) (TSX: WEED) (NASDAQ: CGC) announced today that in connection with the creation of the non-voting and non-participating exchangeable shares in the capital of Canopy Growth (the “Exchangeable Shares“), on April 18, 2024, Greenstar Canada Investment Limited Partnership (“Greenstar“) and CBG Holdings LLC (“CBG” and, together with Greenstar, the “CBG Group“), each a wholly-owned subsidiary of Constellation Brands, Inc. (“CBI“), exchanged all 17,149,925 common shares in the capital of the Company (the “Common Shares“) they collectively held for 17,149,925 Exchangeable Shares (the “CBI Exchange“) for no consideration. As a result of the CBI…
