Summary by Moomoo AI
Canopy Growth Corporation, a leading cannabis and consumer packaged goods company, has filed a prospectus related to the sale of up to 16,317,020 common shares by selling securityholders. The shares include 8,158,510 common shares, 1,909,600 shares underlying Series A Warrants, and 6,248,910 shares underlying Series B Warrants. The Warrants were issued as part of a private placement on January 19, 2024, with each warrant exercisable for one common share at a price of US$4.83. The Series A Warrants are exercisable until January 19, 2029, and the Series B Warrants from July 19, 2024, to July 19, 2029. Canopy Growth will not receive proceeds from the resale of shares by the selling securityholders but could receive approximately US$39.4 million if all Warrants are exercised in full for cash. The proceeds from the exercise...Show More