Summary by Moomoo AI
Canopy Growth Corporation has filed an 8-K report with the U.S. Securities and Exchange Commission on May 8, 2024, announcing an eighth amendment to its Floating Share Arrangement Agreement with Canopy USA, LLC and Acreage Holdings, Inc. The amendment extends the Exercise Outside Date and the deadline for exercising the Canopy Call Option to June 17, 2024. This arrangement is part of a plan of arrangement for Canopy USA to acquire all issued and outstanding Class D subordinate voting shares of Acreage at a fixed exchange ratio. The completion of this transaction is contingent upon the satisfaction or waiver of certain conditions, and there is no assurance that these conditions will be met, which may affect the finalization of the acquisition.