Cannabis stocks have once again been sent flying in the wake of the latest hint of progress on cannabis rescheduling from Trump’s White House.
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 equity program (the “ATM Program”) that allows Canopy Growth to issue and sell up to US$250 million (or its Canadian dollar equivalent) of common…
Canopy Growth saw revenues decline in its last full fiscal year and posted another multi-million dollar loss, but its leaders are looking to international expansion and US rescheduling to improve margins in the coming months.
The Cannabis Council of Canada (C3), the country’s most prominent lobbying group, has announced the appointment of industry veteran Paul McCarthy as its new president.
Canadian cannabis giant Canopy Growth announced plans to launch a new $35 million private fundraise as it continues efforts to reduce its debt obligations.
Canopy Growth has announced its financial results for Q2 2024, showing it has delivered its third consecutive quarter of organic revenue growth.
Yesterday Canopy Growth Corporation announced that it was seeking to raise up to $50m in additional funding via a ‘private placement offering’.
Canopy Growth has confirmed it intends to sell its Hershey Drive facility in Smiths Falls, Ontario, back to its orginical owner – the chocolate maker Hershey Canada – for CAD$53 million.
Canopy Growth has reported growing revenues and falling losses, but has again raised doubts over its ability to keep its head above water financially moving forward.
