Canopy Growth Launches US$250M Equity Program

Canopy Growth (TSE:WEED) has released an update.

Canopy Growth Corporation has launched a new at-the-market equity program to potentially raise US$250 million by selling common shares, aiming to bolster its financial position and fund growth initiatives. The proceeds from the equity program may be used for business investments, acquisitions, working capital, and debt repayment. The program, which will run until July 5, 2026, or until conditions are met, will allow sales on major North American markets at prevailing market prices.

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