Canopy Growth Corp (NASDAQ: CGC) shares are trading lower Monday after the company announced a private placement of up to $50 million. 

What Happened: Canopy said it entered into subscription agreements with institutional investors for a private placement of nearly 23 million units at a price of $1.09 per unit. Each unit will consist of one common share and one warrant, entitling …

Full story available on Benzinga.com

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