Canopy Growth Corp. has signed a deal to exchange $255.4-million of its debt for shares and a little bit of cash.
The price used to value the shares will be the volume-weighted average trading price on the Nasdaq Global Select Market for the 10 consecutive trading days beginning Thursday, subject to a floor price of US$2.50 and a maximum of US$3.50 per share. The company, which is already Canopy’s largest shareholder, will receive a minimum of 21.9 million Canopy shares based on the floor price and a maximum of 30.7 million shares.
Poll: Is cannabis legalization in Canada sustainable?
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Spirit Airlines rejects JetBlue offer, backs merger with Frontier GroupFrontier’s cash-and-stock offer was valued at $22.03 per share as of Monday’s close
Weiterlesen »