Canopy Growth Corp Files For Offering Of Up To 45.9M Shares Of Common Stock By The Selling Securityholders
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth Corp has filed for an offering of up to 45.9 million shares of common stock by the selling securityholders, according to an SEC filing.
September 20, 2023 | 2:08 pm
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Canopy Growth Corp's filing for an offering of up to 45.9 million shares could dilute existing shares, potentially impacting the stock price.
The offering of new shares by Canopy Growth Corp could lead to dilution of existing shares. This means that the value of each existing share could decrease as the total number of shares increases. This could potentially lead to a decrease in the stock price in the short term.
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