UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 10)
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 13, 2023
(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 ☐.
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* |
The remainder of this cover page shall be filled out for a reporting persons 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).
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
2
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1 |
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NAME OF REPORTING PERSONS
Greenstar Canada Investment Limited Partnership |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION British
Columbia |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
66,999,258 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
66,999,258 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,999,258 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 12.9% |
14 |
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TYPE OF REPORTING
PERSON PN |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
3
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1 |
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NAME OF REPORTING PERSONS
Greenstar Canada Investment Corporation |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION British
Columbia |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
66,999,258 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
66,999,258 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,999,258 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 12.9% |
14 |
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TYPE OF REPORTING
PERSON CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
4
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1 |
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NAME OF REPORTING PERSONS
Constellation Brands Canada Holdings ULC |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION Nova
Scotia |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
66,999,258 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
66,999,258 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,999,258 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 12.9% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
5
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1 |
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NAME OF REPORTING PERSONS
Constellation Capital LLC |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
66,999,258 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
66,999,258 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,999,258 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 12.9% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
6
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1 |
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NAME OF REPORTING PERSONS
Constellation International Holdings Limited |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION New
York |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
66,999,258 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
66,999,258 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
66,999,258 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 12.9% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
7
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1 |
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NAME OF REPORTING PERSONS
CBG Holdings LLC |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
244,245,453 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
244,245,453 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,245,453 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.0% |
14 |
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TYPE OF REPORTING
PERSON CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
8
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1 |
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NAME OF REPORTING PERSONS
Greenstar II LLC |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
244,245,453 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
244,245,453 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,245,453 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.0% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
9
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1 |
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NAME OF REPORTING PERSONS
Greenstar II Holdings LLC |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
244,245,453 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
244,245,453 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
244,245,453 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 37.0% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
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CUSIP No. 901164 |
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SCHEDULE 13D |
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Page
10
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1 |
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NAME OF REPORTING PERSONS
Constellation Brands, Inc. |
2 |
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CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP (a) ☒ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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SOURCE OF FUNDS
OO |
5 |
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CHECK BOX IF DISCLOSURE OF
LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
☐ |
6 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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7 |
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SOLE VOTING POWER
0 |
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8 |
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SHARED VOTING POWER
311,244,711 |
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9 |
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SOLE DISPOSITIVE POWER
0 |
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10 |
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SHARED DISPOSITIVE POWER
311,244,711 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
311,244,711 |
12 |
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CHECK BOX IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☒ |
13 |
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PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) 47.1% |
14 |
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TYPE OF REPORTING
PERSON HC and CO |
This Amendment No. 10 (this Amendment) is being filed by Greenstar Canada
Investment Limited Partnership (Greenstar LP), Greenstar Canada Investment Corporation (GCIC), Constellation Brands Canada Holdings ULC, Constellation Capital LLC, Constellation International Holdings Limited, CBG Holdings
LLC (CBG), Greenstar II LLC (GII), Greenstar II Holdings LLC (GIIH), and Constellation Brands, Inc. (Constellation) (collectively, the Reporting Persons), pursuant to Section 13(d)(3)
of the Securities Exchange Act of 1934, as amended (the Exchange Act).
This Amendment amends the Schedule 13D filed on
July 17, 2018 by Greenstar LP, GCIC, Constellation Brands Canada Holdings ULC, Constellation Capital LLC, Constellation International Holdings Limited and Constellation (the Initial Schedule 13D), as the Initial Schedule 13D was
amended by (i) Amendment No. 1 filed on August 16, 2018 (the First Amendment), by the Reporting Persons (other than GII and GIIH), (ii) Amendment No. 2 filed on November 2, 2018 (the Second
Amendment) by CBG and Constellation, (iii) Amendment No. 3 filed on December 3, 2018 (the Third Amendment) by the Reporting Persons (other than CBG, GII and GIIH), (iv) Amendment No. 4 filed on July 3, 2019
(the Fourth Amendment) by the Reporting Persons (other than GII and GIIH); (v) Amendment No. 5 filed on May 4, 2020 (the Fifth Amendment) by the Reporting Persons (other than CBG, GII and GIIH); (vi) Amendment
No. 6 filed on April 29, 2021 (the Sixth Amendment) by the CBG, GII, GIIH and Constellation; (vii) Amendment No. 7 filed on July 1, 2022 (the Seventh Amendment) by the Reporting Persons (other than
CBG, GII and GIIH); (viii) Amendment No. 8 filed on July 19, 2022 (the Eighth Amendment) by the Reporting Persons (other than CBG, GII and GIIH); and (ix) Amendment No. 9 filed on October 26, 2022 (the
Ninth Amendment and together with the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Seventh Amendment, the Eighth Amendment, and the Initial
Schedule 13D, the Schedule 13D) by the Reporting Persons.
Item 1. |
Security and Issuer. |
Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows:
The title and class of equity securities to which this Amendment relates is the Common Shares, no par value (the Common Shares),
of Canopy Growth Corporation, a company organized and existing under the laws of Canada (the Issuer or Canopy). The principal executive offices of the Issuer are located at 1 Hershey Drive, Smiths Falls, Ontario Canada, K7A
0A8.
Item 2. |
Identity and Background. |
Paragraphs (a) (c) of Item 2 of the Schedule 13D is hereby revised and supplemented with the following:
(a) (c) Current information concerning the identity and background of each executive officer and director of CBG, GII, GIIH, GCIC,
Constellation Brands Canada Holdings ULC, Constellation Capital LLC, Constellation International Holdings Limited and Constellation is set forth on Annex A (collectively, the Covered Persons), attached hereto and incorporated
herein by reference.
Paragraphs (d) (e) of Item 2 of the Schedule 13D is hereby revised and supplemented with the
following:
(d) (e) None of the Reporting Persons or, to the best knowledge of CBG and Greenstar LP, any of the Covered Persons has,
during the past five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a
result of which he, she or it is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such
laws.
Page 11
Item 4. |
Purpose of Transaction. |
Item 4 of the Schedule 13D is hereby revised and supplemented with the following:
Greenstar LP entered into an Exchange Agreement, dated April 13, 2023 (the Exchange Agreement), with the Issuer, pursuant to
which Greenstar LP agreed to extend the maturity of its remaining C$100 million principal amount of the Issuers 4.25% senior notes due 2023 by exchanging them for a promissory note of the Issuer (other than in respect of accrued but
unpaid interest which will be paid in cash). The promissory note bears interest at an annual rate of 4.25% and matures on December 31, 2024. The Issuer may prepay the promissory note in whole or in part at any time prior to the maturity date.
As previously disclosed, on October 24, 2022, Greenstar LP and CBG entered into a consent agreement (the Consent
Agreement) with the Issuer, pursuant to which Greenstar LP and CBG have, subject to the terms and on the conditions set forth in the Consent Agreement, provided their consent in respect of a proposed corporate transaction by the Issuer (the
Transaction) to consolidate its U.S. cannabis assets into a newly formed holding company, Canopy USA, LLC. In connection with the Transaction, the Issuer has proposed to amend its share capital to (a) provide for the creation of a
new class of non-voting and non-participating exchangeable shares which will be convertible into Common Shares (Exchangeable Shares), and (b) to restate
the rights of the Common Shares to provide for the conversion of Common Shares into Exchangeable Shares on a one-for-one basis at any time at the option of the holder of
such shares (the Canopy Amendment). The Issuer has stated its intention to hold a special meeting of shareholders to consider the Canopy Amendment. Greenstar LP and CBG have entered into a voting support agreement with the Issuer to vote
in favor of the Canopy Amendment. If the Canopy Amendment is authorized by the Issuers shareholders, Greenstar LP maintains its intention to negotiate an exchange of the C$100 million principal amount of the promissory note for
Exchangeable Shares, although neither Greenstar LP nor the Issuer has any binding obligation to do so.
Except as set forth in this
Amendment, the Reporting Persons have no present plans or proposals that relate to or would result in any of the actions described in Item 4(a) through (j) of Schedule 13D. The Reporting Persons may evaluate on a continuing basis their
investment in the Issuer and expect that they may from time to time acquire or dispose of Common Shares or other securities of the Issuer. The Reporting Persons may purchase or sell Common Shares in the future, either on the open market or in
private transactions, in each case, depending on a number of factors, including general market and economic and industry conditions and other available investment opportunities. Depending on market conditions, general economic and industry
conditions, the Issuers business and financial condition and/or other relevant factors, the Reporting Persons may develop other plans or intentions in the future relating to one or more of the actions described in Item 4(a) through (j) of
Schedule 13D.
Item 5. |
Interest in Securities of the Issuer. |
Paragraphs (a) (c) of Item 5 of the Schedule 13D is hereby revised and supplemented as follows:
(a) (c) Greenstar LP has direct beneficial ownership of 66,999,258 Common Shares, representing approximately 12.9% of the issued and
outstanding Common Shares of the Issuer as of April 12, 2023. GCIC is the general partner of Greenstar LP and is wholly-owned by Constellation Brands Canada Holdings ULC, which in turn is wholly-owned by Constellation Capital LLC, which in turn
is wholly-owned by Constellation International Holdings Limited, which in turn is wholly-owned by Constellation.
In the aggregate, CBG
has direct beneficial ownership of (i) 104,500,000 Common Shares of the Issuer, (ii) 88,472,861 Modified Tranche A Warrants exercisable at a price of C$50.40 per Common Share and expiring, in accordance with their terms, on November 1, 2023,
(iii) 38,454,444 Modified Tranche B Warrants exercisable upon the exercise, in full, of the Modified Tranche A Warrants, at an exercise price of C$76.68 per share, and (iv) 12,818,148 Tranche C Warrants exercisable upon the exercise, in full, of the
Modified Tranche A Warrants, at an exercise price based on the five-day volume-weighted trading price of the Issuers common shares on the Toronto Stock Exchange immediately prior to exercise,
representing approximately 37.0% of the issued and outstanding Common Shares of the Issuer as of April 12, 2023. The Modified Tranche B Warrants and the Tranche C Warrants will expire on November 1, 2026. Additionally, the exercise price
of the Tranche B Warrants and the Tranche C Warrants may be reduced in certain circumstances. CBG is wholly-owned by GII, which in turn is wholly-owned by GIIH, which in turn is wholly-owned by Constellation.
Page 12
In the aggregate, Constellation has indirect beneficial ownership of (i) 171,499,258 Common
Shares of the Issuer, (ii) 88,472,861 Modified Tranche A Warrants, (iii) 38,454,444 Modified Tranche B Warrants, and (iv) 12,818,148 Tranche C Warrants, representing approximately 47.1% of the issued and outstanding Common Shares of the Issuer as of
April 12, 2023.
Except as set forth in the Schedule 13D, to the best knowledge of the Reporting Persons and other than as previously
disclosed, the Covered Persons do not beneficially own any Common Shares as of April 12, 2023, other than Judy A. Schmeling, who holds 47,753 Common Shares which were acquired following the vesting of restricted stock units acquired as
compensation for her position as a director of the Issuer, including 8,253 Common Shares from the vesting of restricted stock units, net of Common Shares withheld to satisfy tax withholding obligations in connection with such vesting, which were
acquired on December 28, 2022, and restricted stock units convertible into 10,045 Common Shares, which were acquired on June 8, 2022 as compensation for her position as a director of the Issuer. The Reporting Persons disclaim beneficial
ownership of each Covered Persons Common Shares and such Common Shares are excluded from the aggregate amounts reported by the Reporting Persons in this Amendment and Schedule 13D.
Except as set forth herein, neither the Reporting Persons, nor to the best knowledge of the Reporting Persons, any of the Covered Persons, has
engaged in any transaction involving any Common Shares in the 60-day period ended April 12, 2023.
The aggregate percentage of Common Shares reported owned by the Reporting Persons is based upon 521,003,722 Common Shares outstanding, which
is the total number of Common Shares outstanding as of April 12, 2023, as provided to the Reporting Persons by the Issuer, plus in the case of CBG, GII, GIIH and Constellation 139,745,453 Common Shares underlying the warrants held by CBG that
are exercisable within 60 days of the date hereof and are treated as issued and outstanding only for the purpose of computing the percentage ownership of the Reporting Persons pursuant to
Rule 13d-3(1)(i) under the Exchange Act.
Item 6. |
Contracts, Arrangements, Understandings or Relationships to Securities of the Issuer.
|
Item 6 of the Schedule 13D is hereby revised and supplemented as follows:
In connection with the transactions described in Item 4 above, Greenstar LP and the Issuer entered into the Exchange Agreement, including the
promissory note (which is described in Item 4) on April 13, 2023.
Other than as described in this Amendment and the Schedule 13D,
there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any other person with respect to any securities, including the Common Shares.
Item 7. |
Material to Be Filed as Exhibits. |
Page 13
Signature
After reasonable inquiry and to the best of the undersigneds knowledge and belief I certify that the information set forth in this
statement is true, complete and correct.
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Dated: April 14, 2023 |
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CBG Holdings LLC |
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By: |
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/s/ Kenneth W. Metz |
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Name: |
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Kenneth W. Metz |
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Title: |
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President |
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Greenstar II LLC |
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By: |
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/s/ Oksana S. Dominach |
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Name: |
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Oksana S. Dominach |
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Title: |
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Vice President and Treasurer |
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Greenstar II Holdings LLC |
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By: |
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/s/ Oksana S. Dominach |
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Name: |
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Oksana S. Dominach |
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Title: |
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Vice President and Treasurer |
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Greenstar Canada Investment Limited Partnership |
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By: |
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Greenstar Canada Investment Corporation, its general partner |
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By: |
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/s/ Kenneth W. Metz |
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Name: |
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Kenneth W. Metz |
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Title: |
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President |
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Greenstar Canada Investment Corporation |
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By: |
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/s/ Kenneth W. Metz |
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Name: |
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Kenneth W. Metz |
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Title: |
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President |
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Constellation Brands Canada Holdings ULC |
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By: |
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/s/ Kenneth W. Metz |
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Name: |
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Kenneth W. Metz |
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Title: |
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President |
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Constellation Capital LLC |
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By: |
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/s/ Oksana S. Dominach |
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Name: |
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Oksana S. Dominach |
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Title: |
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Vice President and Treasurer |
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Constellation International Holdings Limited |
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By: |
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/s/ Oksana S. Dominach |
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Name: |
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Oksana S. Dominach |
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Title: |
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Vice President and Treasurer |
Page 14
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Constellation Brands, Inc. |
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By: |
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/s/ James O. Bourdeau |
Name: |
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James O. Bourdeau |
Title: |
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Executive Vice President, Chief Legal Officer and Secretary |
Annex A
The following is a list, as of April 12, 2023, of the executive officers and directors of each of CBG Holdings LLC, Greenstar II LLC,
Greenstar II Holdings LLC, Greenstar Canada Investment Corporation, Constellation Brands Canada Holdings ULC, Constellation Capital LLC, Constellation International Holdings Limited and Constellation Brands, Inc. (collectively, the Covered
Persons), setting forth the present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted and citizenship for each such person. Each
Covered Person is a citizen of the United States, unless otherwise noted, and does not have any other principal occupation (outside of similar positions held with respect to other entities directly or indirectly affiliated with Constellation Brands,
Inc.) unless otherwise noted.
Executive Officers of CBG Holdings LLC:
|
|
|
|
|
|
|
Name |
|
Position |
|
Business Address |
|
Citizenship |
Kenneth W. Metz |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Michael Becka |
|
Vice President |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Jeffrey H. LaBarge |
|
Vice President and Assistant Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Michael Reitz |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Timothy D. Robins |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
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Brian S. Bennett |
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Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of CBG Holdings LLC:
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|
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|
Name |
|
Position |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Greenstar II LLC:
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|
|
|
|
|
|
Name |
|
Position |
|
Business Address |
|
Citizenship |
Garth Hankinson |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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|
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Michael Becka |
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Vice President |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Jeffrey H. LaBarge |
|
Vice President and Assistant Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Kenneth W. Metz |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Michael Reitz |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Timothy D. Robins |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Brian S. Bennett |
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Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Greenstar II LLC:
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|
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|
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Name |
|
Position |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Garth Hankinson |
|
Executive Vice President and Chief Financial Officer of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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|
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Oksana S. Dominach |
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Senior Vice President and Treasurer of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Greenstar II Holdings LLC:
|
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Name |
|
Position |
|
Business Address |
|
Citizenship |
Garth Hankinson |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Michael Becka |
|
Vice President |
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131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
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Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Jeffrey H. LaBarge |
|
Vice President and Assistant Secretary |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Kenneth W. Metz |
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Vice President |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
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Michael Reitz |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
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Timothy D. Robins |
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Vice President |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Brian S. Bennett |
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Secretary |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Greenstar II Holdings LLC:
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Name |
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Position |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Garth Hankinson |
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Executive Vice President and Chief Financial Officer of Constellation Brands, Inc. |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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|
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Oksana S. Dominach |
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Senior Vice President and Treasurer of Constellation Brands, Inc. |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Greenstar Canada Investment Corporation:
|
|
|
|
|
|
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Name |
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Position |
|
Business Address |
|
Citizenship |
Kenneth W. Metz |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Oksana S. Dominach |
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Vice President and Treasurer |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Timothy D. Robins |
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Vice President |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
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Brian S. Bennett |
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Secretary |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Greenstar Canada Investment Corporation:
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Name |
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Position |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Oksana S. Dominach |
|
Senior Vice President and Treasurer of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Kenneth W. Metz |
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Senior Vice President, Finance, Wine & Spirits Division of Constellation Brands, Inc. |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Constellation Brands Canada Holdings ULC:
|
|
|
|
|
|
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Name |
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Position |
|
Business Address |
|
Citizenship |
Kenneth W. Metz |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Timothy D. Robins |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Brian S. Bennett |
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Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Constellation Brands Canada Holdings ULC:
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|
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|
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Name |
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Principal Occupation or Employment |
|
Business Address |
|
Citizenship |
Oksana S. Dominach |
|
Senior Vice President and Treasurer of Constellation Brands, Inc. |
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207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
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Timothy D. Robins |
|
Vice President, Tax of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Constellation Capital LLC:
|
|
|
|
|
|
|
Name |
|
Position |
|
Business Address |
|
Citizenship |
Garth Hankinson |
|
President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Michael Becka |
|
Vice President |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Kenneth W. Metz |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Michael Reitz |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Timothy D. Robins |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Brian S. Bennett |
|
Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Constellation Capital LLC:
|
|
|
|
|
|
|
Name |
|
Principal Occupation or Employment |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Garth Hankinson |
|
Executive Vice President and Chief Financial Officer of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Executive Officers of Constellation International Holdings Limited:
|
|
|
|
|
|
|
Name |
|
Position |
|
Business Address |
|
Citizenship |
James A. Sabia, Jr. |
|
President |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Garth Hankinson |
|
Executive Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Robert L. Hanson |
|
Executive Vice President |
|
101 Mission Street, San Francisco, California 94105 |
|
US |
|
|
|
|
Michael Becka |
|
Vice President |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Oksana S. Dominach |
|
Vice President and Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Thomas M. McCorry |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Kenneth W. Metz |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Michael Reitz |
|
Vice President and Assistant Treasurer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Timothy D. Robins |
|
Vice President |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Brian S. Bennett |
|
Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
Directors of Constellation International Holdings Limited:
|
|
|
|
|
|
|
Name |
|
Principal Occupation or Employment |
|
Business Address |
|
Citizenship |
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Garth Hankinson |
|
Executive Vice President and Chief Financial Officer of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
James A. Sabia, Jr. |
|
Executive Vice President and President, Beer Division of Constellation Brands, Inc. |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
Executive Officers of Constellation Brands, Inc.:
|
|
|
|
|
|
|
Name |
|
Position |
|
Business Address |
|
Citizenship |
William A. Newlands |
|
President and Chief Executive Officer |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
James O. Bourdeau |
|
Executive Vice President, Chief Legal Officer and Secretary |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
K. Kristann Carey |
|
Executive Vice President and Chief Human Resources Officer |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
James A. Sabia, Jr. |
|
Executive Vice President and President, Beer Division |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Garth Hankinson |
|
Executive Vice President and Chief Financial Officer |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Robert L. Hanson |
|
Executive Vice President and President, Wine & Spirits Division |
|
101 Mission Street, San Francisco, California 94105 |
|
US |
|
|
|
|
Michael McGrew |
|
Executive Vice President and Chief Communications, CSR and Diversity Officer |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Mallika Monteiro |
|
Executive Vice President and Chief Growth, Strategy and Digital Officer |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
Directors of Constellation Brands, Inc.:
|
|
|
|
|
|
|
Name |
|
Principal Occupation or Employment |
|
Business Address |
|
Citizenship |
Christy Clark |
|
Senior Advisor, Bennett Jones LLP |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
Canada |
|
|
|
|
Jennifer M. Daniels |
|
Chief Legal Officer and Secretary of Colgate-Palmolive Company |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Nicholas I. Fink |
|
Chief Executive Officer of Fortune Brands Innovations, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Jeremy S. G. Fowden |
|
Chairman of the Board of Primo Water Corporation |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
United Kingdom |
|
|
|
|
Ernesto M. Hernandez |
|
Former President and Managing Director of General Motors de Mexico, S. de R.L. de C.V. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
Mexico |
|
|
|
|
Susan Somersille Johnson |
|
Chief Marketing Officer of Prudential, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
James A. Locke III |
|
Senior Counsel to the law firm of Nixon Peabody LLP |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Daniel J. McCarthy |
|
Former President and Chief Executive Officer of Frontier Communications Corporation |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Jose Manuel Madero Garza |
|
Independent Business Consultant and Former Chief Executive Officer of Grupo Bepensa |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
Mexico |
|
|
|
|
William A. Newlands |
|
President and Chief Executive Officer of Constellation Brands, Inc. |
|
131 S. Dearborn Street, Chicago, Illinois 60603 |
|
US |
|
|
|
|
Richard Sands |
|
Non-Management Director of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Robert Sands |
|
Non-Executive Chairman of the Board of Constellation Brands, Inc. |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |
|
|
|
|
Judy A. Schmeling |
|
Former Chief Operating Officer of HSN, Inc., and former President of HSNs Cornerstone Brands |
|
207 High Point Drive, Building 100, Victor, New York 14564 |
|
US |