Replies to post #97729 on Canopy Growth Corp (WEED)

[Burdock]

I am a layman, I sure hope it wasn't the person in charge of investor relations taking a nap, or spending to much time around the extraction department

[Dbrown13]

The loan is convertible in 2023 to shares. The lender opted to hang on to the shares instead of taking cash. That sounds like a vote of confidence.

[alpine79]

when they did the deal, there was a clause that gave the lenders an out if there was a significant change to beneficial ownership which was later triggered by the constellation $5B deal. most of the $500M notes came from CB anyways, and they decided not to force canopy to repurchase the notes. -seems this release is mostly a formality.