Canopy did a bought deal at $3.65...CGC was trading around where EMC is now, and it didn't hurt them at all....quite the oppposite:
SMITHS FALLS, ONTARIO--(Marketwired - Aug. 8, 2016) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Canopy Growth Corporation (TSX:CGC) ("Canopy Growth" or the "Corporation") is pleased to announce that, due to strong demand, it has agreed with a syndicate of underwriters led by GMP Securities L.P. and Dundee Securities Ltd. (the "Co-Lead Underwriters"), and including INFOR Financial Inc. and PI Financial Corp. (collectively with the Co-Lead Underwriters, the "Underwriters"), to increase the size of its previously announced $25,000,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 8,220,000 common shares (the "Common Shares") of the Corporation at a price of $3.65 per Common Share (the "Offering Price") for aggregate gross proceeds to Canopy Growth of $30,003,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 1,233,000 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $4,500,450 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $34,503,450.
https://www.marketwired.com/press-release/canopy-growth-corporation-announces-increase-to-bought-deal-financing-tsx-cgc-2148728.htm