News Formal

Cannabis company Canopy Growth to exchange $255.4-million in notes for shares and cash

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Constellation Brands Inc. has agreed to swap half of the $200-million in notes it holds under the deal

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Poll: Is cannabis legalization in Canada sustainable?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: globeandmail - 🏆 5. / 92 Read more »