CGC

Canopy Growth Stock Plunges In Pre-Market On Trying To Raise Up To $50M To Strengthen Finances

Canadian cannabis giant Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) entered Monday into subscription agreements with certain institutional investors in a private placement offering of 22.93 million units at a price of $1.09 per unit.

Canopy Growth Reports $16.3M In Q2 Net Loss, Sales Of $131.4M, Pushes Out Positive Adjusted EBITDA Target

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced its financial results Friday for the second quarter fiscal 2022 ended September 30, revealing a 3% year-over-year decline in net revenue to CA$131 million ($105.4 million).