Canopy Considers REIT, Secured Debt to Finance Pot Expansion
- Cannabis firm did a successful convertible bond sale last year
- Company to talk about convertibles in earnings announcement
Photographer: James MacDonald/Bloomberg
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Canopy Growth Corp. is assessing ways to raise non-equity financing as the world’s largest cannabis company seeks to expand and become profitable, according to its new chief financial officer.
“We’re going through a process of just digesting the multiple options that we have in front of us, and comparing that to our business plans over the next few years,” Mike Lee said in an interview. “We’re trying to be smart about it and build a capability that can ramp up as we put more fixed assets in place.”