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Canopy Growth | DEFA14A: Others

SEC announcement ·  Mar 14 16:23
Summary by Moomoo AI
Canopy Growth Corporation, a leading North American cannabis company, has received a recommendation from independent proxy advisory firm Glass Lewis for shareholders to vote in favor of creating exchangeable shares. This recommendation was issued ahead of Canopy Growth's special shareholder meeting scheduled for April 12, 2024. The proposal aims to authorize the issuance of an unlimited number of non-voting exchangeable shares and to restate the rights of common shares to include a conversion feature. The move is part of Canopy Growth's strategy, announced on October 25, 2022, to accelerate its entry into the U.S. cannabis market by establishing a U.S.-domiciled holding company, Canopy USA, LLC. Canopy USA will hold all U.S. cannabis investments and, upon approval of...Show More
Canopy Growth Corporation, a leading North American cannabis company, has received a recommendation from independent proxy advisory firm Glass Lewis for shareholders to vote in favor of creating exchangeable shares. This recommendation was issued ahead of Canopy Growth's special shareholder meeting scheduled for April 12, 2024. The proposal aims to authorize the issuance of an unlimited number of non-voting exchangeable shares and to restate the rights of common shares to include a conversion feature. The move is part of Canopy Growth's strategy, announced on October 25, 2022, to accelerate its entry into the U.S. cannabis market by establishing a U.S.-domiciled holding company, Canopy USA, LLC. Canopy USA will hold all U.S. cannabis investments and, upon approval of the proposal, will have the rights to acquire several U.S. THC businesses. This strategy is expected to position Canopy Growth for profitable growth and a fast start upon federal permissibility of cannabis in the U.S. Shareholders are encouraged to vote before the April 10 deadline and can seek assistance from Laurel Hill Advisory Group if needed.

This announcement is a separate document:

Doc 1

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