Canopy Growth Announces Closing of Plan of Arrangement Involving RIV Capital

by Newsfeed

Canopy Growth holds conditional ownership of approximately 20% in TerrAscend

Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NASDAQ: CGC) announces that it has closed the previously announced plan of arrangement under the Business Corporations Act ( Ontario ) (the “Arrangement”) involving Canopy Growth, RIV Capital Inc. (formerly Canopy Rivers Inc.) (“RIV Capital”) (TSX: RIV) (OTC: CNPOF) and its wholly-owned subsidiary, RIV Capital Corporation (formerly Canopy Rivers Corporation) (“RCC”), as well as Canopy Growth’s wholly-owned subsidiary, The Tweed Tree Lot Inc. (“Tweed NB”).

Following completion of the Arrangement, Canopy Growth now directly holds 38,890,570 exchangeable shares (the “TerrAscend Exchangeable Shares”) in the capital of TerrAscend Corp….

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