On June 6, 2024, Canopy Growth Corporation (TSX: WEED, Nasdaq: CGC), a leading global cannabis company, established an at-the-market equity program (ATM Program) allowing it to issue and sell up to $336 million (US$250 million) of common shares. The sales would occur on the Nasdaq, TSX, or other U.S. or Canadian markets at prevailing market prices, subject to the company's discretion and customary conditions. Proceeds from the ATM Program were intended for business investments, potential acquisitions, working capital, general corporate purposes, and debt repayment.

The equity distribution agreement, dated June 6, 2024, was made between Canopy Growth and agents BMO Nesbitt Burns Inc. (Canadian agent) and BMO Capital Markets Corp. (U.S. agent). The ATM Program would be effective until the earliest of the full issuance of shares, regulatory notice, or July 5, 2026, unless terminated earlier by the company or agents.

The offering was qualified by a prospectus supplement dated June 6, 2024, filed with Canadian securities commissions and the U.S. Securities and Exchange Commission. Legal documents related to the ATM Program were available on SEDAR+ and EDGAR websites, or directly from the agents. No regulatory authority had approved or disapproved the content of the news release, which did not constitute an offer to sell or solicit an offer to buy the common shares.