Canopy Growth Files Prospectus Supplement Related To Offer And Sale Of Up To 20,949,390 Common Shares By Selling Securityholders
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth has filed a prospectus supplement for the offer and sale of up to 20,949,390 common shares by selling securityholders.
June 05, 2024 | 8:26 pm
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Canopy Growth has filed a prospectus supplement for the offer and sale of up to 20,949,390 common shares by selling securityholders. This could lead to increased share supply in the market, potentially putting downward pressure on the stock price in the short term.
The filing of a prospectus supplement for the sale of a significant number of shares typically increases the supply of shares in the market. This can lead to downward pressure on the stock price as the market absorbs the additional shares.
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