Canopy Growth Stock Split and Acquisition (2018).
Whenever you hear my voice and I’m not on your screen then probably you know it – we’re reading news, and that’s exactly what we’re going to do here today. I’m once again on the new cannabis ventures.com website, which unfortunately I’m not sponsored by but hey they’ve got a great article and I can't wait to share it with you, so here we go:
Canopy Growth Gets Green Light on Stock Split and Acquisition.
So, we see an almost total domination of the votes that are FOR approval, they did a 89.8% for and only 10.2% against, which clearly shows where the company is headed and it’s important that the shareholders that attend such a meeting as this one are all together on important matters just like this one. So, whether they like something or they don’t they are all on the same page here.
The resolution authorizing the Corporation to amend the Corporation’s Articles of Incorporation to divide the number of issued and outstanding common shares of the Corporation on the basis of a range between two-for one and three-for-one, at the discretion of the Board of Directors of the Corporation (the “Board”), as described in Special Meeting Circular (the “Share Split Resolution”) was also approved at the Special Meetings by more than two-thirds of the votes by way of a show of hands.
So basically the stock split could happen, if the board of directors wants it to, because they already have the approval to do so, IF they want to, but if they don’t they don’t have to hold another special meeting to reverse it they can just leave it like this.
AND BESIDES THAT:
Canopy Growth is also pleased to announce the successful results of the special meeting of shareholders of Canopy Health Innovations Inc. (“Canopy Health” or “CHI”) held in Toronto, Ontario to approve Canopy Growth’s acquisition of all of its unowned interest in Canopy Health and Canopy Animal Health Inc. (“CAH”) by way of a plan of arrangement (the “Arrangement”), as previously announced by Canopy Growth on May 15, 2018. The shareholder of CAH has also approved the Arrangement.
THE ARTICLE THAT I USED:
THE ORIGINAL PRESS RELEASE:
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