Canopy Growth extends Acreage acquisition deadline to Dec 31, 2023

Canopy Growth Corp

Fourth amendment to arrangement agreement pushes Exercise Outside Date from Oct 31 to Dec 31, 2023.
Exchange ratio unchanged at 0.45 Canopy common shares per Acreage Floating Share.
Closing conditions include completion of the Canopy Capital Reorganization; no assurance of completion.
Amendment signed by Canopy Growth, Canopy USA, and Acreage Holdings on Oct 31, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Canopy Growth Corp amended Floating Share Arrangement Agreement with Acreage Holdings, Inc. valued at Amended Exercise Outside Date from October 31, 2023 to December 31, 2023 (effective 2023-10-31).

Action: amendment
Counterparty: Acreage Holdings, Inc.
Value: Amended Exercise Outside Date from October 31, 2023 to December 31, 2023
Effective: 2023-10-31

Exact text from the filing

On October 31, 2023, the Company, Canopy USA and Acreage entered into a fourth amendment to the Floating Share Arrangement Agreement (the “ Amendment ”).

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Source: SEC EDGAR

accession 0001104659-23-113398

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