Canopy Growth shares are trading lower after the company announced the equitization of C$12.5 million of notes.
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth's shares are trading lower following the company's announcement of the equitization of C$12.5 million of notes.
June 30, 2023 | 3:00 pm
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Canopy Growth's stock price is trading lower due to the equitization of C$12.5 million of notes.
The equitization of notes means that the company is converting its debt into equity. This can dilute the value of existing shares, leading to a decrease in the stock price. As a result, Canopy Growth's stock price is trading lower.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100