Canopy Growth amends Acreage deal to extend outside date to May 31, 2023

Canopy Growth Corp

Exercise Outside Date extended from March 31, 2023 to May 31, 2023 under first amendment to Floating Share Arrangement Agreement.
Amendment entered on March 17, 2023 among Canopy Growth, Canopy USA, and Acreage Holdings, Inc.
Completion still subject to conditions, including Canopy Capital Reorganization on or before the new Exercise Outside Date.
No assurance that all conditions precedent will be satisfied or waived; deal may not be completed.

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 First Amendment to Floating Share Arrangement Agreement with Canopy USA, LLC and Acreage Holdings, Inc. valued at Extension of Exercise Outside Date from March 31, 2023 to May 31, 2023 (effective 2023-03-17).

Action: amendment
Agreement: merger
Counterparty: Canopy USA, LLC and Acreage Holdings, Inc.
Value: Extension of Exercise Outside Date from March 31, 2023 to May 31, 2023
Effective: 2023-03-17

Exact text from the filing

On March 17, 2023, the Company, Canopy USA and Acreage entered into a first amendment to the Floating Share Arrangement Agreement (the “ Amendment ”). Pursuant to the terms of the Amendment, the Company, Canopy USA, and Acreage agreed to amend the Exercise Outside Date (as defined in the Floating Share Arrangement Agreement) from March 31, 2023 to May 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-082330

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