Week In Weed - June 8, 2024 Canopy Growth Corporation announced the establishment of an at-the-market equity program that allows them to issue and sell up to US$250 million of common shares of the Company. Canopy Growth intends to use the net proceeds from the ATM Program, if any, for investments in businesses and/or to fund any potential future acquisitions and for working capital and general corporate purposes, which may include the repayment of indebtedness. ($TLRY said for accretive acquisitions only)
International cannabis news Most of the earnings from the illicit cannabis market in the Netherlands stay in the country, according to Statistics Netherlands. About 1.4 billion euros stay within the Dutch economy, while about 0.2 billion euros go abroad.
The government in Victoria, Australia, has announced its launch of a trial to research the effects of medicinal cannabis impairment on driving.