Canopy Growth extends Acreage acquisition deadline to Aug 31, 2023

Canopy Growth Corp

Second amendment to arrangement agreement extends Exercise Outside Date from May 31 to August 31, 2023.
Parties: Canopy Growth, Canopy USA (subsidiary), and Acreage Holdings.
Completion remains subject to conditions including the Canopy Capital Reorganization.
No assurance that all conditions will be satisfied or waived; deal may not close.

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 Canopy USA, LLC and Acreage Holdings, Inc. valued at Extended Exercise Outside Date from May 31, 2023 to August 31, 2023 (effective 2023-05-31).

Action: amendment
Counterparty: Canopy USA, LLC and Acreage Holdings, Inc.
Value: Extended Exercise Outside Date from May 31, 2023 to August 31, 2023
Effective: 2023-05-31

Exact text from the filing

The Company, Canopy USA and Acreage entered into a second 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 May 31, 2023 to August 31, 2023.

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Source: SEC EDGAR

accession 0001193125-23-159861

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