The Toronto Stock Exchange reports that Canopy Growth Corp.'s 8.00 per cent senior unsecured convertible debentures (symbol WEED.DB) will be halted at the open on Sept. 10, 2025, and will be delisted at the close on the same day. According to the TSX, the debentures will mature on Sept. 10, 2025, and the company will pay $1,015.78 per $1,000 principal amount of debentures on maturity. The repayment price represents $1,000 principal amount and $15.78 for accrued and unpaid interest thereon to, but excluding, the maturity date. As the debentures are in the CDS book-entry-only system, debentureholders need not take any action to receive the payment price on maturity.
The TSX notes that the debentures are convertible, at the option of the holder, at any time prior
to the close of business on Sept. 10, 2025. For
each $1,000 principal amount of debentures converted,
the holder will be entitled to receive four common shares
(symbol WEED) of the company and 35 cents in cash. The
equivalent conversion price is $250 per share (and approximately 35 cents per $1,000 principal
amount). Buyers of debentures who wish to exercise
their conversion right should make their purchases
sufficiently in advance of the deadline indicated in the
relevant CDS bulletin, allowing for adequate time for
settlement. Trades on Sept. 9, 2025, will settle on Sept. 9, 2025.
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