Constellation Brands Updates Canopy Growth Stake

Ticker: CGC · Form: SC 13D/A · Filed: 2024-04-19T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, amendment, cannabis

Related Tickers: WEED

TL;DR

Constellation Brands filed an amendment (13D/A) on Canopy Growth, updating their ownership details.

AI Summary

Constellation Brands, Inc. and its affiliates have amended their Schedule 13D filing regarding Canopy Growth Corporation as of April 19, 2024. This amendment reflects changes in their beneficial ownership of Canopy Growth's common shares. The filing details the group members involved in this ownership structure, including various Constellation Brands entities and Greenstar entities.

Why It Matters

This filing provides insight into the evolving relationship and ownership stake of a major beverage company in a cannabis producer, which could signal future strategic moves or financial commitments.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategy or financial health, impacting the company's stock performance.

Key Players & Entities

FAQ

What is the primary purpose of this SC 13D/A filing?

The filing is an amendment to a Schedule 13D, indicating changes in the beneficial ownership of Canopy Growth Corporation's common shares by Constellation Brands, Inc. and its affiliates.

Who are the main entities involved in this filing?

The main entities are Constellation Brands, Inc. and its various subsidiaries (e.g., CBG HOLDINGS LLC, CONSTELLATION BRANDS CANADA HOLDINGS ULC) as the reporting persons, and Canopy Growth Corporation as the issuer.

When was this amendment filed?

This amendment was filed as of April 19, 2024.

What is Canopy Growth Corporation's industry?

Canopy Growth Corporation is in the MEDICINAL CHEMICALS & BOTANICAL PRODUCTS industry, with SIC code 2833.

What is the CUSIP number for Canopy Growth Corporation's common shares?

The CUSIP number for Canopy Growth Corporation's common shares is 901164.

From the Filing

0001193125-24-103016.txt : 20240419 0001193125-24-103016.hdr.sgml : 20240419 20240419170049 ACCESSION NUMBER: 0001193125-24-103016 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20240419 DATE AS OF CHANGE: 20240419 GROUP MEMBERS: CBG HOLDINGS LLC GROUP MEMBERS: CONSTELLATION BRANDS CANADA HOLDINGS ULC GROUP MEMBERS: CONSTELLATION BRANDS, INC. GROUP MEMBERS: CONSTELLATION CAPITAL LLC GROUP MEMBERS: CONSTELLATION INTERNATIONAL HOLDINGS LTD GROUP MEMBERS: GREENSTAR CANADA INVESTMENT CORP GROUP MEMBERS: GREENSTAR II HOLDINGS LLC GROUP MEMBERS: GREENSTAR II LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Canopy Growth Corp CENTRAL INDEX KEY: 0001737927 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90568 FILM NUMBER: 24858684 BUSINESS ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 BUSINESS PHONE: 855-558-9333 MAIL ADDRESS: STREET 1: 1 HERSHEY DRIVE CITY: SMITH FALLS STATE: A6 ZIP: K7A0A8 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Greenstar Canada Investment Limited Partnership CENTRAL INDEX KEY: 0001746720 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1055 WEST HASTINGS STREET STREET 2: SUITE 1700 CITY: VANCOUVER STATE: A1 ZIP: V6E 2E9 BUSINESS PHONE: 585-678-7100 MAIL ADDRESS: STREET 1: 1055 WEST HASTINGS STREET STREET 2: SUITE 1700 CITY: VANCOUVER STATE: A1 ZIP: V6E 2E9 SC 13D/A 1 d823440dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 13) Canopy Growth Corporation (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 901164 (CUSIP Number) Lloyd H. Spencer, Esq. Nixon Peabody LLP 799 9th Street NW, Suite 500 Washington, D.C. 20001 (202) 585-8000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 18, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 2 SCHEDULE 13D CUSIP No. 901164  1   NAME OF REPORTING PERSONS  Greenstar Canada Investment Limited Partnership  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP  (a) ☒  (b) ☐  3  SEC USE ONLY  4  SOURCE OF FUNDS  OO  5  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ☐  6  CITIZENSHIP OR PLACE OF ORGANIZATION  British Columbia NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH  7   SOLE VOTING POWER  0  8  SHARED VOTING POWER  15,811,474  9  SOLE DISPOSITIVE POWER  0 10  SHARED DISPOSITIVE POWER  15,811,474 11   

View on Read The Filing