Canopy Growth Corp (WEED)

[Spartanator]

Well, there's 2 scenarios here.

1 - They exercised their option. I doubt that this happened, as it's a huge material change, and would most likely have been announced on the day it happened. Interesting tidbit here, though, is that for STZ to exercise their 2nd tranche of options at the VWAP, they'd have to exercise the first tranche first, at 50$. So, for them to get that 30-40 million shares at these low prices, they'd have to take the bigger slice at around $50. So it could very well be possible, if STZ wanted that second tranche at this current price.

2nd - It's their total, including warrants, which seems to be the most reasonable.

Let's hope for the former!