Summary by Moomoo AI
Canopy Growth Corporation, a Canadian company listed on the Nasdaq Global Select Market under the symbol CGC, filed a prospectus supplement on April 30, 2024, to update information in its previous prospectus dated February 5, 2024. The supplement includes details from a Current Report on Form 8-K filed with the SEC on April 30, 2024. The filing pertains to the offer and sale of up to 16,317,020 common shares by selling securityholders, which includes shares issued during a private placement on January 19, 2024. The company's shares closed at US$8.32 on the Nasdaq on April 29, 2024. Additionally, Canopy Growth announced an amendment to an arrangement agreement with Canopy USA, LLC and Acreage Holdings, Inc., extending the Exercise Outside Date and the date for exercising the Canopy Call Option to May 9, 2024. This amendment is part of a plan of arrangement for Canopy USA to acquire all issued and outstanding Class D subordinate voting shares of Acreage. The completion of this arrangement is subject to certain conditions, and there is no certainty that the acquisition will be completed.