Cronos stock is up just over 5% Friday morning; the jump comes after the Toronto cannabis company previously announced it closed the Redwood Holding Group acquisition.
Here’s what we know.
Cronos Stock Trades Up On Acquisition NewsOn Thursday, September 5, Cronos Group (TSX:CRON) (NASDAQ:CRON), which is a global cannabinoid company known for its innovation, announced that it’s closed its acquisition of not one, but four Redwood Holding Group operating subsidiaries. As a result, Cronos Group now has a leading hemp-based products platform in hand, which includes hemp-derived CBD-infused skincare. Customers can purchase these ...
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