: Canopy Growth shares fall after it agrees to convert debt into stock in deal with Constellation Brands #FinanceUSA #StockMarketNEWS Canopy Growth Corp. fell 17% in premarket trades on Thursday after
@stockMarketNEWS Fri 01 Jul, 2022
Canopy Growth shares fall after it agrees to convert debt into stock in deal with Constellation Brands #FinanceUSA #StockMarketNEWS
Canopy Growth Corp. fell 17% in premarket trades on Thursday after the company said it reached an agreement with Constellation Brands Inc. to convert about 8 million of convertible debt into stock. Constellation agreed to acquire between 21.93 million or 5.4% of Canopy stock and 30.7 million shares or 7.6% of Canopy stock that will convert from debt. The prices for the stock will range from .50 a share to .50 a share. Canopy Growth CFO Judy Hong said the transaction will addresp+HX[X[ ܝ[ۈ+و] ۋ][X] HXHX[ [[ H[HK[]YH] [[H Y][ Y XH[ ^[Y[ H[ܙH [ L H
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