M&A
confidence high
sentiment neutral
materiality 0.65
Canopy Growth issues 15.2M shares to acquire remaining 45% stake in Les Serres Vert Cannabis
Canopy Growth Corp
- Issued 15,206,046 common shares to LSB on Aug 29, 2023, as consideration for the remaining 45% interest in Les Serres Vert Cannabis.
- Shares issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act.
- Transaction increases Canopy's ownership from 55% to 100%, completing a previously disclosed March 31, 2023 agreement.
- Full ownership of Les Serres Vert Cannabis, a Canadian greenhouse cannabis producer, is now obtained.