Tuesday, October 21, 2025

Canopy Growth Increases Effective Ownership Of TerrAscend To 26.8%

Canopy Growth (TSX: WEED) (NASDAQ: CGC) appears to have a particular affinity for that of TerrAscend Corp (CSE: TER). The company this morning announced that it has acquired the option to acquire an additional 1,072,450 common shares of the company upon a federal legalization event in the United States.

The company reportedly acquired the option yesterday, by entering an agreement with an existing shareholder to acquire the option for aggregate consideration of US$10.5 million. As a result, the firms interest in the company has risen by 0.7% on a partially diluted basis.

The company also took the time this morning to reveal that since the filing of its last early warning report, Canopy has acquired beneficial control or ownership over 22.5 million common share purchase warrants, which increases the firms stake in the company by 10.9% on a partially diluted basis. Following the two transactions, Canopy Growth now effectively has a 26.8% ownership stake in TerrAscend on a partially diluted basis.

Canopy Growth last traded at $32.18 on the Nasdaq.


Information for this briefing was found via Sedar and Canopy Growth. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Illustrated: Cannabis Earnings Week for the Third Quarter of 2019

This past week, as many are aware, was the week of cannabis earnings season. The...

Saturday, November 16, 2019, 08:00:23 AM

Canopy Growth Delays Cannabis Beverages Due To Production Issues

It appears that having all the money in the world can’t solve quite everything. Canopy...

Friday, January 17, 2020, 08:38:29 AM

Canopy Growth Corp And Houseplant End Canadian Partnership

Canopy Growth Corp (TSX: WEEED) (NASDAQ: CGC) evidently will be losing one of its brands....

Wednesday, July 28, 2021, 07:56:16 AM

Canopy Growth Quietly Parts Way With CCO, COO

It appears that Canopy Growth Corp (TSX: WEED) (NYSE:CGC) has continued to experience a bit...

Tuesday, May 12, 2020, 09:32:41 AM

Canopy Growth Sees Consensus Estimates Point To Q1 2023 Revenues Of C$113 Million

Canopy Growth (TSX: WEED will be reporting its fiscal first quarter financial results tomorrow before...

Thursday, August 4, 2022, 11:38:00 AM