Canopy Growth Corp (WEED)

[Wo]

Canopy Growth Corporation Announces Exercise and Closing of Over-Allotment Option
PR Newswire
PR NewswireJune 22, 2018
SMITHS FALLS, ON, June 22, 2018 /PRNewswire/ - Canopy Growth Corporation (WEED.TO) (CGC) ("Canopy Growth" or the "Company") announced today the issuance of C$100 million aggregate principal amount of its 4.25% convertible senior notes due 2023 (the "Over-Allotment Notes") pursuant to the exercise in full of the over-allotment option granted to the initial purchasers in connection with the previously announced offering of C$500 million aggregate principal amount of its 4.25% convertible senior notes due 2023 (the "Initial Notes"), which closed on June 20, 2018. The Over-Allotment Notes have the same terms as the Initial Notes, including an initial conversion rate of 20.7577 common shares ("common shares") per C$1,000 principal amount of Over-Allotment Notes, equivalent to an initial conversion price of approximately C$48.18 per common share.

The Company intends to use the net proceeds from the sale of the Initial Notes and the Over-Allotment Notes for supporting expansion initiatives and general corporate purposes, including working capital requirements.

This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including any common shares of Canopy Growth into which the Initial Notes or Over-Allotment Notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

https://finance.yahoo.com/news/canopy-growth-corporation-announces-exercise-131300443.html?.tsrc=applewf