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Canopy Growth ( (TSE:WEED) ) has issued an announcement.
Canopy Growth Corporation has launched a new at-the-market equity program allowing the issuance and sale of up to US$200 million in common shares. The proceeds are intended to bolster the company’s financial position by reducing debt, enhancing cash reserves, and supporting strategic mergers and acquisitions. This move is expected to strengthen Canopy Growth’s market positioning and operational capabilities.
More about Canopy Growth
Canopy Growth Corporation is a leading company in the cannabis industry, focused on leveraging the benefits of cannabis to enhance lives. The company operates in both the United States and Canada, offering a range of cannabis products and services.
YTD Price Performance: -51.04%
Average Trading Volume: 7,159,758
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $238.4M
Learn more about WEED stock on TipRanks’ Stock Analysis page.