Canopy Growth and Canopy Rivers Announce Filing of Early Warning Report in Connection with Closing of LiveWell Qualifying Transaction
Canopy Growth and Canopy Rivers Announce Filing of Early Warning Report in Connection with Closing of LiveWell Qualifying Transaction |
[28-June-2018] |
SMITHS FALLS, ON, June 28, 2018 /CNW/ - Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) ("Canopy Growth") and Canopy Rivers Corporation ("Canopy Rivers", together with Canopy Growth, the "Acquirors") today announced that they have filed an early warning report under National Instrument 62-103 in connection with the closing of the previously announced qualifying transaction (the "Transaction") of LiveWell Canada Inc. (formerly Percy Street Capital Corporation) ("LiveWell"). Pursuant to the Transaction, in exchange for their common shares of LiveWell Foods Canada Inc., the Acquirors received an aggregate of 17,589,552 common shares of Livewell ("CommonShares"), representing approximately 14.01% of the issued and outstanding Common Shares on a non-diluted basis. Canopy Growth holds 11,726,364 Common Shares and Canopy Rivers holds 5,863,188 Common Shares. Prior to the Transaction, the Acquirors did not hold any Common Shares or convertible securities of LiveWell. Certain of the Common Shares held by the Acquirors are subject to escrow provisions. While the Acquirors currently have no plans or intentions with respect to the LiveWell securities, subject to the escrow provisions noted above, depending on market conditions, general economic and industry conditions, trading prices of LiveWell's securities, LiveWell's business, financial condition and prospects and/or other relevant factors, the Acquirors may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Common Shares or other securities of LiveWell. Notice Regarding Forward Looking Statements SOURCE Canopy Growth Corporation | ||
Company Codes: Toronto:WEED, NYSE:CGC |
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