Canopy Growth Establishes US$200 Million ATM Program to Strengthen Financial Position

Canopy Growth has established a new at-the-market equity program to sell up to $200 million of common shares in the US and Canada. The program will allow the company to issue shares directly on the Nasdaq or TSX or other trading markets, with the timing and volume of sales to be determined by the company. The net proceeds will be used for investments in businesses, potential acquisitions, and working capital. The program will be effective until June 5, 2027 or earlier if certain conditions are met.