SMITHS FALLS, ON, Sept. 19, 2018 /CNW/ - Canopy Growth Corporation
(TSX: WEED) (NYSE: CGC) ("Canopy Growth") today
announced that it has filed an early warning report under National
Instrument 62-103 in connection with the closing of the previously
announced qualifying transaction (the "Transaction") of
Canopy Rivers Inc. (formerly AIM2 Ventures Inc.) ("Canopy
Rivers").
Pursuant to the Transaction, among other things, in exchange for
its multiple voting shares of Canopy Rivers Corporation, Canopy
Growth received an aggregate of 36,468,318 multiple voting shares
of Canopy Rivers ("Multiple Voting Shares"),
representing 100% of the issued and outstanding Multiple Voting
Shares. In addition, Canopy Growth owns 8,973,938 subordinated
voting shares of Canopy Rivers ("Subordinated Voting
Shares"). Prior to the Transaction, Canopy Growth did not
hold any Multiple Voting Shares or other securities of Canopy
Rivers.
While Canopy Growth currently has no plans or intentions with
respect to the Canopy Rivers securities, subject to the provisions
noted above, depending on market conditions, general economic and
industry conditions, trading prices of Canopy Rivers' securities,
Canopy Rivers' business, financial condition and prospects and/or
other relevant factors, Canopy Growth 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
Multiple Voting Shares or other securities of Canopy Rivers.
A copy of the early warning report filed by Canopy Growth will
be available under Canopy Rivers' profile on SEDAR at www.sedar.com
or by contacting Phil Shaer, Chief
Legal Officer of Canopy Growth at 613-706-2185. Canopy Growth's
head office is located at 1 Hershey Drive, Smith Falls,
Ontario, K7A 0A8.
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward-looking information" within the
meaning of applicable Canadian securities legislation. Often, but
not always, forward-looking statements and information can be
identified by the use of words such as "plans", "expects" or "does
not expect", "is expected", "budget" "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be" taken, "occur" or "be achieved". Forward-looking
statements or information involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Canopy Growth to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements or
information contained in this news release. Examples of such
statements include statements with respect to Canopy Growth's
expectations in connection with the sale or purchase of additional
securities of Canopy Rivers in the future, on the open market or in
private transactions. Risks, uncertainties and other factors
involved with forward-looking information could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Although Canopy Growth believes the assumptions and
factors used in preparing the forward-looking information or
forward-looking statements in this news release are reasonable,
undue reliance should not be placed on such information and no
assurance can be given that such events will occur in the disclosed
time frames or at all. The forward-looking information and
forward-looking statements included in this news release are made
as of the date of this news release and Canopy Growth does not
undertake an obligation to publicly update such forward-looking
information or forward-looking information to reflect new
information, subsequent events or otherwise unless required by
applicable securities laws.
SOURCE Canopy Rivers