Canopy Growth (NASDAQ:CGC) has established a new at-the-market equity program that allows it to issue and sell up to US$200 million of common shares of the company from treasury from time to time in concurrent public offerings in the United States and Canada.
As per the terms of the program sales of common shares in the ATM program in Canada is limited to aggregate gross sales proceeds of up to $50 million and in no event will the combined gross sales proceeds of the ATM Program in the United States and Canada exceed $200 million.
