RISE Dispensaries Opens RISE Grove City in Pennsylvania on April 17th – Investing News Network

Canopy Growth Corporation (” Canopy Growth ” or the ” Company “) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into an exchange agreement (the ” Exchange Agreement “) with Greenstar Canada Investment Limited Partnership (” GCILP “), a wholly-owned subsidiary of Constellation Brands, Inc. (” CBI “), in order to extinguish C$100 million (approximately USD$73.9 million ) aggregate principal amount of the Company’s outstanding 4.25% unsecured notes due 2023 (the ” Existing Notes “).

Pursuant to the Exchange Agreement, the Company agreed to acquire and cancel C$100 million aggregate principal amount of the Existing Notes held by GCILP in exchange for: (i) a cash payment to GCILP in the amount of unpaid and accrued interest owing under the Existing Notes held by GCILP; and (ii) a promissory note (the ” Promissory Note “) issuable to GCILP in the aggregate principal amount of C$100 million payable on December 31, 2024 (collectively, the ” CBI Transaction “). The Promissory Note will bear interest at a rate of 4.25% per year, payable on maturity of the Promissory Note. The CBI Transaction is expected to close on or about April 14, 2023,

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