Canopy Growth Corporation announced on February 28, 2025, the launch of an "at-the-market" (ATM) equity offering for up to US$200 million (approximately C$288.44 million). The offering was conducted through BMO Nesbitt Burns Inc. as the Canadian agent and BMO Capital Markets Corp. as the U.S. agent under an Equity Distribution Agreement. The common shares were listed on the Toronto Stock Exchange (TSX) and Nasdaq, with TSX conditionally approving the listing subject to regulatory requirements. Proceeds from the offering were intended for investments, acquisitions, working capital, and general corporate purposes, including potential debt repayment.

Cassels Brock & Blackwell LLP acted as Canadian legal counsel for Canopy Growth, while Paul Hastings LLP advised on U.S. legal matters. Torys LLP served as legal counsel to the agents.