Company: CGC
Filing Date: 2025-02-07
Form Type: 10-Q
Source: 0000950170-25-015839
Chunk: 230

Company: Canopy Growth Corp
Filing Date: 2025-02-07
Form: 10-Q
Item: Item 8
Chunk 230
---
243

        $
        252,576

        $
        (80
        )
       
      (iii) Warrants

        Number ofwholewarrants

        Averageexerciseprice

        Warrantvalue

        Balance outstanding at March 31, 2024

        10,451,457

        $
        9.12

        $
        2,610,519

        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