share_log

Canopy Growth | 424B3: Prospectus

SEC announcement ·  May 6 16:35
Summary by Moomoo AI
On May 6, 2024, Canopy Growth Corporation, a company listed on both the Toronto Stock Exchange and Nasdaq Global Select Market, filed Prospectus Supplement No. 6 along with related agreements to enable the public resale of common shares by selling securityholders. These agreements, specifically an Exchange and Subscription Agreement and a Registration Rights Agreement, were established following the issuance of Debentures and Warrants that are exchangeable for common shares. The Registration Rights Agreement ensures the company's obligation to file a Registration Statement for the resale of common shares, detailing the rights of the holders. Canopy Growth Corporation will not receive any proceeds from the sale of shares by the selling securityholders. The Registration Statement facilitates the resale of common shares that may...Show More
On May 6, 2024, Canopy Growth Corporation, a company listed on both the Toronto Stock Exchange and Nasdaq Global Select Market, filed Prospectus Supplement No. 6 along with related agreements to enable the public resale of common shares by selling securityholders. These agreements, specifically an Exchange and Subscription Agreement and a Registration Rights Agreement, were established following the issuance of Debentures and Warrants that are exchangeable for common shares. The Registration Rights Agreement ensures the company's obligation to file a Registration Statement for the resale of common shares, detailing the rights of the holders. Canopy Growth Corporation will not receive any proceeds from the sale of shares by the selling securityholders. The Registration Statement facilitates the resale of common shares that may be issued upon conversion of Debentures and exercise of Warrants, granting selling securityholders the right to a pro-rata in-kind distribution of shares. The company has agreed to cover all registration expenses, while selling securityholders will bear underwriting fees and commissions. This move is designed to provide liquidity to the securityholders by allowing for the public resale of the common shares.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more