The company expects to use gross proceeds to pay down debt, as well as for working capital and other general corporate purposes. Check This Out: Tilray's Diversified Growth Strategy Is Paying Off, Here's What's Behind 34% YoY Revenue Increase In Q2 CGC Price Action: Canopy shares were down 11.1% at $4.48 at the time of publication, according to Benzinga Pro. Photo: MasterTux from Pixabay.