Canadian cannabis company Canopy Growth Corp. on Tuesday announced an agreement with an institutional investor to purchase up to $150 million of senior...
Canadian cannabis company Canopy Growth Corp. CGC CA:WEED on Tuesday announced an agreement with an institutional investor to purchase up to $150 million of senior unsecured convertible bonds. Under the terms of the deal, the investor has purchased an initial $100 million of the bonds and will purchase the remaining $50 million once certain conditions are met or waived. “..
Under the terms of the deal, the investor has purchased an initial $100 million of the bonds and will purchase the remaining $50 million once certain conditions are met or waived. “..No cash will be payable by Canopy Growth in any circumstances in respect of principal, interest or any other amounts owing pursuant to the terms of the Convertible Debentures,” the company said in a statement.
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