RE:Be careful, 7012700 more shares are floatingPotStocker wrote:
Last time, the 7012700 shares were designed to be accessed by two steps. And now, they were accessed in full. This can be interpreted as 1, Dundee sees a bright future for cgc so they buy them all and will hold them. 2, Dundee sees the chance to profit so they buy them all and sell(or sold already, this is to cover its short positions). Not sure which way it is. SMITHS FALLS, ON, Nov. 18, 2015 /CNW/ - Canopy Growth Corporation ("Canopy" or the "Company") (TSXV: CGC), is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the exercise in full of the underwriters' over-allotment option. A total of 7,012,700 common shares in the capital of the Company (the "Shares") were sold at a price of $2.05 per Share, for aggregate gross proceeds of $14,376,035.00 (the "Offering").
This means the total share as of today is 98.5M shares. cgc has almost doubled its shares since IPO -- in 19 months