© Reuters.
SMITHS FALLS, ON – Canopy Growth (NASDAQ:) Corporation (TSX: WEED) (Nasdaq: CGC), a leading North American cannabis company, has received a recommendation from Glass Lewis & Co., an independent proxy advisory firm, for shareholders to vote in favor of a special resolution.
This resolution, if passed, would allow the creation of an unlimited number of a new class of non-voting exchangeable shares and add a conversion feature for common shares. The recommendation comes ahead of Canopy Growth’s special meeting of shareholders, which is set to take place on April 12, 2024.
Glass Lewis, which advises institutional investors and manages over $40 trillion in assets, endorsed the proposal, stating it aligns with shareholder interests. The move is part of Canopy Growth’s strategy to accelerate its entry into the U.S. cannabis market through Canopy USA, LLC, a holding company that holds all U.S. cannabis investments….
