Canopy growth announces us$30 million private placement

Smiths falls, on , jan. 9, 2024 /prnewswire/ - 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 as of january 9, 2024, with certain institutional investors (the "investors") in a private placement offering (the "offering") of 6,993,007 units ("units") at a price per unit of us$4.29 for aggregate gross proceeds of approximately us$30,000,000. the purpose of the offering is to provide the company with additional liquidity of us$30mm to further strengthen canopy growth's financial position.
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