secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001104659-24-126760
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canopy USA completes acquisition of Acreage; CGC issues ~5.89M shares for deal value ~$21.2M
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- Canopy USA owns 100% of Acreage as of Dec 9, 2024; combined with Wana and Jetty for U.S. cannabis platform.
- Canopy Growth issued ~5.89M shares (value ~$21.2M) to former Acreage shareholders and ~306K shares for minority interests.
- Additionally issued ~5.12M Bonus Payment Canopy Shares (value ~$19.5M) and 1.32M Put Shares plus 1.2M warrants to satisfy put liability.
- Canopy Growth holds 84.4% of Canopy USA on as-converted basis; Acreage shares to delist from CSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000110465924126760/0001104659-24-126760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000110465924126760/tm2430501d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer