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Will Constellation Brands Buy Canopy Growth? This Analyst Discusses Optionality Post Debt Transactions

Canopy Growth Corporation (NASDAQ: CGC) entered into a privately negotiated exchange agreement last week with a holder of the company's outstanding 4.25% unsecured senior notes due in 2023, to secure roughly CA$255.4 million ($198 million) aggregate principal amount of the notes from the noteholders in