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Canopy Growth's stock falls to all-time low on pot company's share-sale plans
CGCCanopy Growth(CGC) MarketWatch·2025-03-03 17:18

Core Viewpoint - Canopy Growth Corp.'s stock experienced a significant decline of 9%, reaching an all-time low, following the announcement of a plan to sell up to 200millionofitsstock[1]Group1:StockPerformanceThestockofCanopyGrowthCorp.fellby9200 million of its stock [1] Group 1: Stock Performance - The stock of Canopy Growth Corp. fell by 9% [1] - This decline resulted in the stock reaching an all-time low [1] Group 2: Stock Offering Details - The company plans to sell up to 200 million of its stock [1] - This stock offering would nearly double the dollar amount of its stock currently trading on the Nasdaq and the Toronto Stock Exchange, given the company's market capitalization of approximately $240 million [1]