Canopy Growth sells 8.16M units at $4.29 in private placement

Canopy Growth announced that it has entered into subscription agreements dated as of January 18, with certain institutional investors in a private placement offering of 8,158,510 units at a price per unit of $4.29 for aggregate gross proceeds of approximately $35M. The closing of the private placement pursuant to the Subscription Agreements is expected to occur on or about January 19, subject to Toronto Stock Exchange approval and customary closing conditions.