secwatch.observer — SEC 8-K summary
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Issuer:     Canopy Growth Corp (CGC)
CIK:        0001737927
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001104659-23-101594
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Canopy Growth raises up to $50M in private placement of units at $1.09/unit
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- Initial closing: 22,929,468 units at $1.09/unit for $25M gross proceeds.
- Over-allotment option for additional $25M (22,929,468 units) exercisable by Nov 2, 2023.
- Each unit consists of one common share and one five-year warrant with $1.35 exercise price.
- Net proceeds ~$23M (or ~$47M if full over-allotment) used for working capital/general corporate purposes.
- Placement agents: ATB Capital Markets and A.G.P./Alliance Global Partners; 5% cash fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1737927/000110465923101594/0001104659-23-101594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1737927/000110465923101594/tm2326322d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-101594

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