Canopy Growth Corporation (TSX:WEED) will look for acquisitions. The company has established an at-the-market equity program that allows Canopy Growth to issue and sell up to $250 million of common shares of the company from treasury from time to time in concurrent public offerings in the United States and Canada. 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, which has been significantly reduced over the prior 18 months.
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|
5-day change | 1st Jan Change | ||
8.85 CAD | +3.39% |
|
-2.97% | +30.62% |
Jun. 20 | Acreage Brief: Announcing Appointment of Rebecca Kirk as Chief Operating Officer | MT |
Jun. 06 | Acreage Closes US$10-Million Private Placement of Convertible-Debenture Units | MT |
![Consensus](/images/consensus_flch.gif)
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+30.62% | 476M | |
+23.84% | 5.56B | |
-33.64% | 3.55B | |
-5.20% | 3.01B | |
-25.56% | 2.64B | |
-10.76% | 2.3B | |
+42.02% | 1.95B | |
+43.15% | 1.52B | |
-12.72% | 1.45B | |
+41.90% | 1.38B |
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- Canopy Growth Corporation to Seek Acquisitions