Canopy Growth Dilution News: $30 Million Private Placement ($4.29 USD Price Per Unit)

Canopy Growth Corporation (CGC/WEED) today announced that it has entered into subscription agreements (the "Subscription Agreements"), dated as of January 9, 2024, with certain institutional investors (the "Investors") in a private placement offering (the "Offering") of 6,993,007 units ("Units") at a price per Unit of US$4.29 for aggregate gross proceeds of approximately US$30,000,000. Why is Canopy Growth stock down so much today? CGC stock news and analysis for Tuesday, January 9th, 2024.

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