GW proposes follow-on

GW Pharmaceuticals plc (LSE:GWP; NASDAQ:GWPH) proposed to raise up to $60 million through the sale of ADSs in a follow-on underwritten by Morgan Stanley; Cowen; Piper Jaffray; and Canaccord. Each ADS represents 12 ordinary shares. GW was up $1.54 to $34.24 on Friday. On the LSE, the stock was off 2p to 160.75p. ...