How to pull a fast Eddie on the naiveThis company sells out present and long holders after that miraculous R/S that was to save the day ?only to load the dilution onto their back !!!
They asked to sell " OVER 16 MiLLION MORE SHARES " to undercut the poor shareholder but Q can't come to grips that his trading account is in shambles .... Q dog is allllllllllllll deep with weed shares a plenty but never seen the massive hit to this floundering industry of over populated companies that none can profit ... The industry recycles client base with products that can not be distinguished...
RUN RUN RUN for those hills cause old Klein banked away the nest egg into a trust that is only available for certain individuals but NOT you !!!
over 16 million shares and counting valued under the going rate ??????????
PATHETIC
Canopy Growth files to sell 16.32M shares of common stock for holders
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Cannabis producer Canopy Growth (NASDAQ:CGC) to sale from time to time of up to 16,317,020 of common shares which is comprised of: (i) 8,158,510 common shares, (ii) 1,909,600 common shares underlying our Series A Warrants and (iii) 6,248,910 common shares underlying our Series B Warrants.
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Each of the Warrants is exercisable for one Common Share at an exercise price of $4.83.
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The Series A Warrants and the Series B Warrants are identical, except the Series A Warrants are exercisable for a period that commenced on January 19, 2024 and will end on January 19, 2029, and the Series B Warrants are exercisable for a period commencing on July 19, 2024 and ending on July 19, 2029.