Posted 9/18/2023, 11:56:00 AM
Canopy Growth Announces $50 Million Private Placement to Strengthen Financial Position
- Canopy Growth announces private placement of up to US$50 million
- Units priced at US$1.09 per unit, raising up to US$25 million initially
- Investors have option to acquire additional units for US$25 million
- Proceeds to provide liquidity and strengthen Canopy's financial position
- Units consist of one common share and one share purchase warrant
- Warrants entitle holders to acquire shares at US$1.35 for 5 years
