Summary by Moomoo AI
On April 12, 2024, Canopy Growth Corporation, a leading North American cannabis and consumer packaged goods company, held a Special Meeting where shareholders approved a special resolution to amend the company's Articles of Incorporation. This amendment authorizes the creation and issuance of an unlimited number of non-voting, non-participating exchangeable shares, and restates the rights of common shares to include a conversion feature. The Articles of Amendment were filed on the same day. A total of 32,250,578 common shares were represented at the meeting, with 95.56% voting in favor of the resolution. The approval enables Canopy Growth to accelerate its entry into the U.S. THC market, which is expected to be worth approximately $50 billion by 2026. The company plans to exercise rights...Show More