Summary by Moomoo AI
Canopy Growth Corporation, a leading North American cannabis and consumer packaged goods company, has announced a special meeting of shareholders to be held virtually on April 12, 2024. The purpose of the meeting is to vote on the creation of a new class of non-voting and non-participating exchangeable shares, a move that is pivotal for Canopy Growth's strategy to enter the U.S. THC market, valued at over $50 billion. This follows the company's previous announcement on October 25, 2022, regarding the formation of Canopy USA, LLC, a U.S.-domiciled holding company that holds Canopy Growth's U.S. cannabis investments. The proposed exchangeable shares are expected to facilitate the acquisition of U.S. THC businesses, including Acreage Holdings, Inc...Show More