TerrAscend Reduces Debt After Canopy Growth Converts Above Market

New Cannabis Ventures
By NCV NewswireDec 9, 2022, 6:12 pm267 pts
Canopy USA Converts CAD$125.5 Million in TerrAscend Debt to Exchangeable Shares at CAD$5.10 per Share Transaction increases Canopy USA’s conditional ownership in TerrAscend from 12.0% to 18.2% with the ability to own 23.4% upon the exercise of newly issued warrants Significant deleveraging event for…

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