May 14, 2018 / 10:17 AM / 7 months ago

BRIEF-Canopy Growth To Issue $374 Mln in Shares to buy remainder of BC Tweed JV

May 14 (Reuters) - Canopy Growth Corp:

* CANOPY GROWTH ENTERS AGREEMENT TO ACQUIRE OUTSTANDING SHARES IN BC TWEED JOINT VENTURE

* CANOPY GROWTH CORP - TO PURCHASE REMAINING 33% STAKE OF BC TWEED JOINT VENTURE INC NOT CURRENTLY OWNED BY COMPANY

* CANOPY GROWTH CORP - UPON CLOSING OF DEAL, WILL ISSUE UP TO $374 MILLION WORTH OF SHARES TO MINORITY SHAREHOLDERS OF BC TWEED

* CANOPY GROWTH CORP - DEAL PAYMENTS MILESTONE-BASED AND WILL BE RELEASED OVER FOUR YEARS BASED UPON ACHIEVEMENT OF CERTAIN PRODUCTION MILESTONES

* CANOPY GROWTH CORP - WILL ALSO PAY $1 MILLION IN CASH AS A NON-REFUNDABLE DEPOSIT AGAINST PURCHASE PRICE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below