Summary by Moomoo AI
On April 18, 2024, Canopy Growth Corporation underwent a significant change in its share structure, as detailed in an amendment to the Schedule 13D filed with the SEC. The amendment, filed by a collective of reporting persons including Greenstar Canada Investment Limited Partnership, Constellation Brands, Inc., and several affiliated entities, reported the exchange of Common Shares for newly created non-voting Exchangeable Shares. This exchange was authorized by Canopy's shareholders during a special meeting held on April 12, 2024. The Exchangeable Shares are convertible into Common Shares on a one-for-one basis at the holder's discretion. However, the reporting entities have no immediate intention to convert these shares until the sale of marijuana in the U.S. is no longer in violation...Show More