Canopy Growth Corp T.WEED

New Press Release - Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth

SMITHS FALLS, ON, June 6, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that the Company has established an at-the-market...read article.

[charlie007]

if someone is going to erode the sp, it ought to be klein, not the shorters and daytraders!

[lou64]

Hate to burst bubbles but I did warn once R/S happened this was coming ? THIS IS JUST THE BEGINNING OF MORE TRIPS TO THE CASH BAR !!! All hale Klien and his business model of DILUTION to BANKRUPTCY

[BrokerG]

Wow, more dilution. Unbelievable! Did Klein not say they wil be profitable by fiscal year end 2025? That is another 25 million shares at $10.00CDN. Ouch.

[BrokerG]

So they reverse split 10-1 AND  then start diluting. Classic. At least Klein is going by the dilution book of finance. Step 1- reverse plit, Step 2- issue more shares. What a disaster. My fear is they purchase something with this money. Take a look at their past purchases for reference.

[Oldweed]

It was probably that or turn out the lights, Constellation has been clear to Canopy, swim or sink. That said, I would guess that if/when Canopy goes under, Constellation would have a strong claim to keep the non publically traded part, CUSA. In theory, Constellation could come back into Canopy, but for now they are at a safe distance, as they are completely out of Canopy now.. The Canopy structure

[BrokerG]

So all this talk about NO debt due until 2026 was BS? They hopefully do not need $250 Million  to pay for operating expenses. This smells like a purchase is coming. god forbid!

[Oldweed]

Good point, it may very well be for M&A, but it may be for operating expenses of CUSA ? (not Canopy), M&A rumours are certaininly heating up before rescheduling..

[charlie007]

"In the rapidly changing cannabis landscape, Canopy USA's success hinges on uniting its brands under a cohesive vision. The integration journey is bound to be challenging, but the leadership team's dedication to brand integrity and growth sets a solid foundation. As the dust settles on this strategic transition, Canopy USA has the potential to carve out a distinct path in the U.S