Summary by Moomoo AI
Canopy Growth Corporation, a Canadian company listed on the Nasdaq Global Select Market under the trading symbol CGC, has filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on April 25, 2024. The report announces a seventh amendment to the Floating Share Arrangement Agreement with Canopy USA, LLC and Acreage Holdings, Inc. This amendment modifies the Exercise Outside Date and the deadline for exercising the Canopy Call Option to May 9, 2024. The Floating Share Arrangement involves Canopy USA acquiring all issued and outstanding Class D subordinate voting shares of Acreage at a fixed exchange ratio. The completion of this arrangement is contingent upon the satisfaction or waiver of certain conditions, with no assurance provided that the acquisition will be completed. The full text of the amendment has been filed as Exhibit 10.1 to the report.