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After dozens of acquisitions in the last few years, Canopy Growth (CGC) finally made a big move into the U.S. market. The proposed deal has a one big catch that could leave the Canadian cannabis giant on the sidelines indefinitely. As my previous investment research highlighted, the stock is at a make or break point around $50 that has initially failed again.
Image Source: Acreage Holdings website
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Since the Toronto Stock Exchange and NYSE have listing requirements that prevent companies from owning illegal businesses, Canopy Growth is unable to purchase