Summary by Moomoo AI
Canopy Growth Corporation, a U.S. listed company, is advancing its strategy to enter the U.S. cannabis market through its unconsolidated interest in Canopy USA, LLC. The company has called for a special shareholder meeting on April 12, 2024, to vote on a special resolution. This resolution seeks to amend the company's articles of incorporation to create a new class of non-voting exchangeable shares and to add a conversion feature to the common shares. The board of directors recommends shareholders vote in favor of this amendment, which is a significant step in Canopy Growth's strategy to tap into the U.S. THC market, projected to be over $50 billion by 2026. Shareholders are urged to vote by the proxy deadline on April 10, 2024, and can find detailed information in the definitive proxy statement dated February 12, 2024, available on the company's website.