RE:RE:RE:RE:With a runup like this there raising money !! Bought Deal?? srtman03 wrote: 1hot-techwoman wrote: Iseneschal wrote: I disagree with your post....don't take it personal.
This volume & price action is a set up for the up coming AGM to vote ona RS
All the Chasers will be buried.... Cheers !
None taken :) I have seen this many times in the years past when a stock runs like this over few days and up over 200% its not sustainable.
It would surprise me they have done a bought deal at like $1.25-$1.50 range IMHO !!
Timw will tell !!
GLTA
Guess will see !!! Were almost there now !!
There you have it Just like I suspected !! $1.09 USD =$1.47 CDN !!! seen it many times over the years !! Glad i was out at $2.55.....GLTA
Canopy Growth Announces Private Placement of up to US$50 Million
Monday, September 18, 2023, 7:56 AM ET
SMITHS FALLS, ON, Sept. 18, 2023 /CNW/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC), today announced that it has entered into subscription agreements (the "Subscription Agreements"), dated September 18, 2023, with certain institutional investors (the "Investors") in a private placement offering (the "Offering") of 22,929,468 units ("Units") at a price per Unit of US$1.09 for aggregate gross proceeds of approximately US$25,000,000. The Investors also hold an over-allotment option to acquire up to an additional 22,929,468 Units at a price per Unit of US$1.09 for aggregate gross proceeds of US$25,000,000 at the discretion of the Investors at any time on or before November 2, 2023 (the "Over-Allotment Option").
The purpose of the offering is to provide the Company with additional liquidity of up to US$50MM to further strengthen Canopy Growth's financial position and is expected to be used for working capital and other general corporate purposes.
Each Unit will be comprised of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one Common Share from the Company at a price equal to US$1.35 for a period of five years from the date of issuance. The Company has also agreed to provide the Investors with customary registration rights.
The closing of the private placement pursuant to the Subscription Agreements (not including the Over-Allotment Option) is expected to occur on or about September 19, 2023, subject to customary closing conditions.