Major owner of Canopy Growth Corporation just declared owning 123,376,901 shares of Canopy Growth Corporation

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Brands, Inc. Constellation, a major owner of Canopy Growth Corporation, has just filed an initial statement of beneficial ownership where 123,376,901 shares of Canopy Growth Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Constellation. Constellation operates out of Victor, NY. Some additional info was provided as follows:



These shares are owned directly by CBG Holdings LLC, which is a wholly-owned subsidiary of Constellation Brands, Inc.

These shares are owned directly by Greenstar Canada Investment Limited Partnership, which general partner is Greenstar Canada Investment Corporation ("GCIC"). Constellation Brands Canada Holdings ULC ("CBCH") wholly-owns GCIC a nd is also the limited partner of Greenstar Canada Limited Partnership. CBCH is a wholly-owned subsidiary of Constellation Capital LLC ("CC"), which is a wholly-owned subsidiary of Constellation International Holdings Limited ("CIHL"), which is a wholly-owned subsidiary of Constellation Brands, Inc. GCIC, CBCH, CC, CIHL and Constellation Brands, Inc. are indirect beneficial owners of the reported shares.

These warrants have an exercise price of CAD 50.40, which, when using the exchange rate on March 30, 2020, is equivalent to $35.5932.

These warrants become exercisable upon the full exercise of the Tranche A Warrants.

These warrants have an exercise price of CAD 76.68, which, when using the exchange rate on March 30, 2020, is equivalent to $54.1525.

These warrants have an exercise price of CAD 12.9783, which, when using the exchange rate on March 30, 2020, is equivalent to $9.1655.

Conversion of the notes prior to January 15, 2023 is limited to certain circumstances involving the sale price of the Common Shares and certain corporate events. The initial conversion rate of these notes is 20.7577 Common Shares per CAD 1,000. Subject to certain adjustments, the Issuer has the option to deliver cash, Common Shares, or a combination thereof, upon conversion of these notes.



The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Canopy Growth Corporation director just declared owning 1,500 shares of Canopy Growth Corporation - Sept. 11, 2020

Departure of Directors or Certain - Sept. 11, 2020

