06:27 AM EST, 03/03/2025 (MT Newswires) -- Canopy Growth ( CGC ) , a global cannabis company, was at last look down 1.8% and close to its 52-week low after over the weekend it said it established an at-the-market equity program that allows it to issue and sell up to US$200 million in common shares in public offerings in the United States and Canada.

Canopy Growth ( CGC ) intends to use any eventual proceeds from a share sale for investments in businesses and/or to fund future acquisitions and for working capital and general corporate purposes, including the repayment of debt.

Any common shares that are part of the equity program will be sold in transactions made directly on the Nasdaq or the TSX or on any other available U.S. or Canadian trading market. The volume and timing of sales, if any, will be determined in the company's sole discretion and are subject to customary conditions.