Replies to post #58427 on Canopy Growth Corp (WEED)

[Greengold12]

I wonder if it could be the same guy who bought at $3.25 years ago and saw his share price go down to $1.10....... He really got burned in the long run..

[MMPRuser]

maybe it is this guy - he thought it was a good buy at $9.70 - he is bound to get it right eventually I guess.

March 22, 2017 /CNW/ - Canopy Growth Corporation (TSX: WEED) ("Canopy Growth" or the "Company") is pleased to announce that it has completed a private placement with one investor (the "Offering") of common shares (the "Shares"). Pursuant to the Offering, the Company issued 2,500,000 Shares at a net price of $9.70 per Share, for aggregate net proceeds of $24,250,000.

when they dilute the stock of a over bought money losing operation - the results are usually a lower price per share - not always, but it is the most likely scenario