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Canopy Growth ( (TSE:WEED) ) has provided an announcement.
On August 29, 2025, Canopy Growth Corporation announced the establishment of a new at-the-market equity program allowing the company to issue and sell up to $200 million of common shares in the U.S. and Canada. This program aims to strengthen Canopy Growth’s financial position by potentially funding future acquisitions, investments, and general corporate purposes. The equity distribution agreement with BMO Capital Markets Corp. and BMO Nesbitt Burns Inc. replaces a previous agreement and provides flexibility in sales methods, subject to market conditions and other factors. The program’s impact could enhance Canopy Growth’s market positioning and provide necessary capital for strategic initiatives.
The most recent analyst rating on (TSE:WEED) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Canopy Growth stock, see the TSE:WEED Stock Forecast page.
Spark’s Take on TSE:WEED Stock
According to Spark, TipRanks’ AI Analyst, TSE:WEED is a Neutral.
Canopy Growth’s overall stock score is primarily impacted by its weak financial performance, characterized by significant losses and negative cash flows. While there are positive signs in technical analysis and some optimism from the earnings call, the negative valuation metrics and financial challenges weigh heavily on the score.
To see Spark’s full report on TSE:WEED stock, click here.
More about Canopy Growth
Canopy Growth is a world-leading cannabis company focused on improving lives through innovative cannabis products. The company operates globally, serving medical cannabis patients and offering a wide range of products under various brands. Canopy Growth has a significant presence in the U.S. THC market through its interest in Canopy USA, LLC, which includes ownership stakes in several cannabis-related companies.
Average Trading Volume: 3,412,171
Technical Sentiment Signal: Sell
Current Market Cap: C$676.8M
For an in-depth examination of WEED stock, go to TipRanks’ Overview page.