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Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA
Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA ...
About this update from Canopy Growth Corporation
[{"type":"text","content":"\n \n \n \n Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n Canopy\n \n USA\n \n completes acquisition of Jetty and advances acquisition of Wana\n \n \n \n \n SMITHS FALLS, ON\n \n \n ,\n \n \n June 4, 2024\n \n \n /CNW/ - Canopy Growth Corporation (\"\n \n Canopy Growth\n \n \" or the \"\n \n Company\n \n \") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that the option to acquire all of the issued and outstanding Class E subordinate voting shares (the \"\n \n Fixed Shares\n \n \") of Acreage Holdings, Inc. (\"\n \n Acreage\n \n \") has been exercised in accordance with the terms of the arrangement agreement dated\n \n April 18, 2019\n \n , as amended, between Canopy Growth and Acreage (the \"\n \n Acreage Fixed Share Arrangement Agreement\n \n \"). In connection with the arrangement agreement dated as of\n \n October 24, 2022\n \n , by and among Canopy Growth, Canopy\n \n USA\n \n , LLC (\"\n \n Canopy\n \n USA\n \n \n \") and Acreage, as amended (the \"\n \n Acreage Floating Share Arrangement Agreement\n \n \"), in respect of the Class D subordinate voting shares (the \"\n \n Floating Shares\n \n \") of Acreage, on closing, Canopy\n \n USA\n \n will acquire all of the Fixed Shares and Floating Shares and Acreage will become a wholly-owned subsidiary of Canopy\n \n USA\n \n .\n \n \n \n \n \n \n \n \n \n In addition, Canopy Growth announced today that it exercised its option, in part, to acquire certain outstanding debt of Acreage (the \"\n \n Debt Acquisition\n \n \") in connection with the option agreement dated\n \n November 15, 2022\n \n (the \"\n \n Option Agreement\n \n \") among a wholly-owned subsidiary of Canopy Growth (the \"\n \n Optionor\n \n \") and the lenders (the \"\n \n Lenders\n \n \") party to Acreage's credit agreement dated as of\n \n December 2021\n \n , as amended on\n \...