other material
confidence high
sentiment neutral
materiality 0.60
Canopy Growth enters $250M at-the-market equity distribution agreement
Canopy Growth Corp
- Up to $250M (or equivalent CAD) of common shares may be sold through BMO Capital Markets (US) and BMO Nesbitt Burns (Canada).
- Sales as at-the-market offerings on Nasdaq Global Select Market and Toronto Stock Exchange.
- Company has no obligation to sell; may suspend or terminate the agreement at any time.
- Base shelf registration filed June 5, 2024; prospectus supplement filed June 6, 2024.
- Proceeds intended for general corporate purposes, specifics not disclosed.