Canopy Growth shares fall 12.22% after-hours after announcing a new $200 million at-the-market equity program.

Canopy Growth Corporation dropped 12.22% in after-hours trading, following the announcement of a new at-the-market equity program that allows the company to issue and sell up to US$200 million of common shares. Additionally, the company filed for a common stock offering, which may have contributed to the decline in stock price as investors reacted to the potential dilution of shares.