Summary by Moomoo AI
Canopy Growth Corporation, a leading cannabis and consumer packaged goods company, has filed a prospectus related to the sale of 1,086,279 common shares by selling securityholders. These shares were issued on April 30, 2024, as part of an agreement involving the reduction of the exercise price for the Wana Option, a deal with Canopy USA, LLC, and the Elevate Entities. The shares are being offered for resale by the selling securityholders, who may sell them in various ways as detailed in the 'Plan of Distribution' section of the prospectus. Canopy Growth will not receive any proceeds from the sale of these shares. The common shares are listed on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbols 'WEED' and 'CGC' respectively. The prospectus, dated May 13, 2024, also includes risk factors and a cautionary note regarding forward-looking statements.