{"schema_version":"secwatch.filing_event.v1","accession":"0000016918-24-000051","form_type":"8-K","ticker":"STZ","cik":"0000016918","company_name":"CONSTELLATION BRANDS, INC.","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.624958+00:00","generated_at":"2026-06-03T19:01:31.896833+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Constellation converts Canopy common shares and note into exchangeable shares, ends governance rights","bullets":["Greenstar and CBG converted 17,149,925 Canopy common shares (18.8% stake) into non-voting exchangeable shares.","Exchanged C$81.2M of C$100M promissory note for 9,111,549 exchangeable shares at C$8.91/share; remaining principal and interest forgiven.","All Constellation board nominees resigned from Canopy board; investor rights, admin, co-development agreements terminated.","Constellation now holds 26,261,474 exchangeable shares (sole holder), accounted for at fair value; no other Canopy securities.","No further investment planned; conversion to common shares conditional on U.S. marijuana law changes."],"urls":{"canonical":"https://secwatch.observer/filing/0000016918-24-000051","json":"https://secwatch.observer/filing/0000016918-24-000051.json","markdown":"https://secwatch.observer/filing/0000016918-24-000051.md","text":"https://secwatch.observer/filing/0000016918-24-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/16918/000001691824000051/0000016918-24-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/16918/000001691824000051/stz-20240418.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T19:01:31.896833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}