CGC stock is up on Thursday after Canopy Growth (TSX:WEED) (NYSE:CGC) announced a new joint venture with rap superstar Drake to launch More Life Growth Company, a licensed cannabis firm based in Drake’s home city Toronto.
Potline Bling Partnership Boosts CGC StockThe new entity will take up residence in a production facility in Scarborough, Ontario, which is fully licensed to cultivate and process cannabis for recreational sale. Canopy will operate the facility and take full charge of distribution while retaining a 40% stake in the company following the issuance of shares, with Drake controlling the ...
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