Canopy Growth shares are trading lower after the company filed for an offering of up to 45.9 million shares of common stock by the selling securityholders.
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth has filed for an offering of up to 45.9 million shares of common stock by the selling securityholders, causing its shares to trade lower.
September 20, 2023 | 2:19 pm
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Canopy Growth's stock price is trading lower after the company filed for an offering of up to 45.9 million shares.
The filing for an offering of up to 45.9 million shares by Canopy Growth has led to an increase in supply of its shares in the market. This increase in supply, without a corresponding increase in demand, has put downward pressure on the stock price, causing it to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100