Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 37

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 1
Chunk 37
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,519

        Issuance of warrants

        4,548,088

        13.31

        13,525

        Issuance of replacement warrants resulting from the Acreage Acquisition

        1,845,843

        10.72

        7,111

        Exercise of warrants

        (1,279,660
        )

        6.60

        (3,018
        )

        Balance outstanding at December 31, 2024

        15,565,728

        $
        11.09

        $
        2,628,137

        Number ofwholewarrants

        Averageexerciseprice

        Warrantvalue

        Balance outstanding at March 31, 20231

        12,819,305

        $
        580.40

        $
        2,581,788

        Issuance of warrants from private placement

        2,292,947

        18.33

        8,977

        Expiry of Warrants

        (12,692,731
        )

        583.62

        -

        Balance outstanding at December 31, 20231

        2,419,521

        $
        30.34

        $
        2,590,765

      1 This balance excludes warrants previously issued by the Company to CBG (as defined below) which were exercisable to acquire 1,281,815 common shares at an exercise price equal to the 5-day volume-weighted average price of the Company common shares immediately prior to exercise (the “Tranche C Warrants”). The Tranche C Warrants represent a derivative liability and have nominal value. As of November 1, 2023, the Tranche C Warrants are considered expired in accordance with their terms.(iv) Issuances of exchangeable sharesOn April 18, 2024, Greenstar and CBG Holdings LLC (“CBG”), indirect, wholly-owned subsidiaries of CBI exchanged all 17,149,925 Canopy Growth common shares they collectively held for 17,149,925 Exchangeable Shares for no consideration. In addition, an additional 9,111,549 Exchangeable Shares were issued to Greenstar as part of the Note Exchange. The Exchangeable Shares are convertible at any time, at the option of the holder, into Canopy Growth common shares on a one for one basis. See Note