Summary by Moomoo AI
Canopy Growth Corporation, a leading North American cannabis and consumer packaged goods company, has entered into a series of strategic financial agreements to strengthen its balance sheet. On April 30, 2024, Canopy USA, LLC, a U.S.-domiciled holding company created by Canopy Growth, amended its limited liability company agreement to stipulate that non-voting shares will be convertible into Class B common shares only when Nasdaq or NYSE allows the listing of companies involved in the U.S. marijuana industry. Additionally, on May 2, 2024, Canopy Growth signed an Exchange and Subscription Agreement with MMCAP International Inc. SPC, securing approximately US$50 million in new gross proceeds and extending C$27.5 million of debt maturity from 2025 to 2029. The agreement involves the issuance of a new...Show More