Summary by Moomoo AI
Canopy Growth Corporation (Canopy) has announced a Special Meeting of shareholders to consider an amendment to the company's Articles of Incorporation. The amendment, if approved, will create an unlimited number of non-voting, non-participating exchangeable shares (Exchangeable Shares) and restate the rights of the common shares to include a conversion feature allowing each share to be converted into one Exchangeable Share. The meeting is scheduled to be held virtually on an unspecified date in 2024. This move follows Canopy's internal reorganization, which saw the transfer of its Structured U.S. Investments to Canopy USA, LLC, a new Delaware-formed holding company. The Exchangeable Shares will not carry voting rights, dividends, or rights upon dissolution. The amendment proposal is...Show More