Canopy Growth (NASDAQ: CGC, TSX: WEED) has significantly advanced its US market strategy, notably with the conversion of a $100 million promissory note held by Constellation Brands into exchangeable shares. This arrangement was announced yesterday, shortly after Canopy received shareholder approval for its US market engagement plan earlier this week. Constellation Brands, the largest shareholder in Canopy Growth, has chosen this path to solidify its support, although clarifying its position of not injecting further capital into Canopy. The structural adjustment also led to the resignation of Constellation-appointed directors from Canopy's board.