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Canopy Growth | S-1: General form for registration of securities under the Securities Act of 1933

SEC announcement ·  May 7 16:16
Summary by Moomoo AI
Canopy Growth Corporation, a leading cannabis and consumer packaged goods company, has filed a Form S-1 with the Securities and Exchange Commission (SEC) on May 7, 2024, for a registration statement under the Securities Act of 1933. This filing pertains to the registration of 1,086,279 common shares for resale, which were issued to selling securityholders on April 30, 2024, as part of an agreement related to the reduction of the exercise price for the Wana Option. The shares were initially issued pursuant to option agreements involving Canopy Growth's former subsidiaries, known as the Elevate Entities, and their acquisition of membership interests in Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The registration does not necessarily indicate that the selling securityholders will...Show More
Canopy Growth Corporation, a leading cannabis and consumer packaged goods company, has filed a Form S-1 with the Securities and Exchange Commission (SEC) on May 7, 2024, for a registration statement under the Securities Act of 1933. This filing pertains to the registration of 1,086,279 common shares for resale, which were issued to selling securityholders on April 30, 2024, as part of an agreement related to the reduction of the exercise price for the Wana Option. The shares were initially issued pursuant to option agreements involving Canopy Growth's former subsidiaries, known as the Elevate Entities, and their acquisition of membership interests in Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The registration does not necessarily indicate that the selling securityholders will sell any or all of the registered shares. Canopy Growth's common shares are traded on the Toronto Stock Exchange under the symbol 'WEED' and on the Nasdaq Global Select Market under the symbol 'CGC'. As of May 6, 2024, the closing price of Canopy Growth's common shares on the Nasdaq was US$9.72 per share.

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