Canopy Growth (CGC) announced that the company has established a new at-the-market equity program that allows Canopy Growth to issue and sell up to $200M of common shares of the company from treasury from time to time in concurrent public offerings in the United States and Canada. Sales of Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement dated February 28, entered into among the company, BMO Nesbitt Burns Inc., as Canadian agent, and BMO Capital Markets Corp., as U.S. agent.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGC:
- Canopy Growth Expands Tweed Brand into German Medical Cannabis Market
- Canopy Growth announces entry of Tweed brand to German medical cannabis market
- Largest borrow rate increases among liquid names
- Canopy Growth Expands Beverage Lineup with New Flavors
- Canopy Growth price target lowered to C$2 from C$5 at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue