Canopy Growth Corporation shares are trading lower after the company announced a private placement of up to $50 million.
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth Corporation has announced a private placement of up to $50 million, leading to a decrease in its share price.
September 18, 2023 | 1:01 pm
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Canopy Growth Corporation's shares are trading lower after the company announced a private placement of up to $50 million.
The announcement of a private placement often leads to a decrease in share price as it dilutes the value of existing shares. This is likely the reason for the drop in Canopy Growth Corporation's share price.
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