THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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AAddress: 1 Hershey Dr
Smith Falls ON Canada K7A 0A8
Phone: 855 588 9333
Web Site:
https://www.canopygrowth.com
Warrant Symbol - WEED.WT.A
Number Trading -
41,745,000
Expiration Date - Feb. 19, 2024
Cusip - 138035 12
6
Exercise Price - $34.40
Warrant Symbol - WEED.WT
Number Trading -
60,454,000
Expiration Date - Jan. 29, 2024
Cusip -
138035 11 8
Exercise Price - $19.78
Warrants called to trade
news
Canopy Growth, Supreme Cannabis
substitutional listing
2021-06-22 18:44 ET -
Miscellaneous
The Toronto Stock Exchange reports
that Canopy Growth Corp. has
acquired all of the issued and
outstanding shares of The Supreme
Cannabis Company Inc. in
consideration of: (i) 0.01165872
of a Canopy Growth share; and (ii)
0.01 cent in cash, for each
outstanding Supreme Cannabis
share. As a result of certain
procedures of Computershare
Investor Services Inc. (the
depositary), Supreme Cannabis
shareholders will receive: (i)
0.011659 of a Canopy Growth share;
and (ii) 0.01 cent in cash, for
each Supreme Cannabis share held.
As a result of the foregoing,
securities of Canopy Growth will
be listed and posted for trading
on June 24, 2021, in substitution
for the currently listed
securities of Supreme Cannabis,
which will be delisted at the same
time, as shown in the attached
table.
Security name Old symbol New
symbol New Cusip No.
Common share purchase warrants
(the January, 2021, warrants)
FIRE.WT WEED.WT 138035 11 8
Common share purchase warrants
(the February, 2021, warrants)
FIRE.WS WEED.WT.A 138035 12 6
The January, 2021, warrants have
been adjusted so that for each
January, 2021, warrant exercised,
the holder will be entitled to
receive 0.011659 of a Canopy
Growth share and 0.01 cent in cash
for a price of 23 cents. The
expiry time of the January, 2021,
warrants remains the same at 5
p.m. Toronto time on Jan. 29,
2024. The equivalent exercise
price for one full Canopy Growth
share is approximately $19.78.
The February, 2021, warrants have
been adjusted so that for each
February, 2021, warrant exercised,
the holder will be entitled to
receive 0.011659 of a Canopy
Growth share and 0.01 cent in cash
for a price of 40 cents. The
expiry time of the February, 2021,
warrants remains the same at 5
p.m. Toronto time on Feb. 19,
2024. The equivalent exercise
price for one full Canopy Growth
share is approximately $34.40.
The debentures have been adjusted
so that for each $1,000 principal
amount of debentures converted,
the holder will be entitled to
receive 40 Canopy Growth shares
and 35 cents in cash. The maturity
date of the debentures remains
Sept. 10, 2025. The equivalent
conversion price is $25 per Canopy
Growth share (and approximately 35
cents per $1,000 principal
amount).
© 2022 Canjex Publishing Ltd. All
rights reserved.
- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
