Canopy Growth Establishes A $250M At-The-Market Equity Program Allowing Co. To Issue And Sell Up To $250M Of Common Shares
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth has established a $250 million at-the-market equity program, allowing the company to issue and sell up to $250 million of common shares.
June 06, 2024 | 12:18 pm
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Canopy Growth has initiated a $250 million at-the-market equity program, enabling the company to issue and sell up to $250 million of common shares. This move could lead to stock dilution but also provides the company with additional capital.
The at-the-market equity program allows Canopy Growth to issue and sell up to $250 million of common shares. While this provides the company with additional capital, it could also lead to stock dilution, which may negatively impact the stock price in the short term.
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