What’s Going On With Canopy Growth Stock?
Canopy Growth Corp (NASDAQ:CGC) shares are trading lower. The company on Monday announced the results of its special meeting of shareholders.
What Happened: Canopy Growth announced that its shareholders approved the creation of a new class of Canopy Growth stock at its special meeting of shareholders on Friday. 95.56% of votes cast were in favor of the proposal.
The overwhelming approval authorizes the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy Growth. The company also noted that the new class of exchangeable shares will accelerate Canopy Growth’s entry into the U.S. …