Canopy Growth Establishes New US$200 Million At-The-Market Program
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Canopy Growth Corporation has launched a new US$200 million at-the-market equity program to issue and sell common shares. The proceeds will be used for corporate purposes, including debt reduction, cash position strengthening, and strategic M&A.
February 28, 2025 | 10:30 pm
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Canopy Growth has initiated a US$200 million at-the-market equity program to issue and sell common shares. The funds will be used for debt reduction, cash strengthening, and strategic M&A.
The ATM program allows Canopy Growth to raise capital by issuing shares, which can improve its financial position by reducing debt and increasing cash reserves. This move is likely to be seen positively by investors as it supports strategic growth initiatives.
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