Summary by Moomoo AI
On February 5, 2024, Canopy Growth Corporation addressed comments from the U.S. Securities and Exchange Commission (SEC) regarding its Preliminary Proxy Statement. The SEC staff provided verbal feedback during a Zoom teleconference, leading to the public filing of Amendment No. 6 to the Preliminary Proxy Statement by Canopy Growth. This amendment, filed via EDGAR, includes revisions to the Letter to Shareholders and the proxy statement itself, particularly concerning the deconsolidated structure of Canopy USA and its compliance with Nasdaq Listing Rules. Additionally, the company updated its accounting disclosures on how it will account for its interest in Canopy USA post-deconsolidation. Canopy Growth also acknowledged the need to consider the impact of structural changes to Canopy USA on the company's internal control over financial reporting. The company's legal and accounting teams, along with external advisors, are actively engaged in addressing the SEC's comments.