Canopy Growth (TSX:WEED) (NYSE:CGC) today announced it’ll be acquiring Acreage Holdings (OTCQX:ACRGF), a New York-based cannabis company, for just over $3.4 billion. Considering Acreage is a massively large US multi-state operator, cannabis investors seem pleased with the news. WEED stock is currently up nearly 10%.
Canopy Growth News Sends WEED Stock HigherAnnounced today, Canopy Growth and Acreage Holdings reached a purchase deal. It grants Canopy the right to purchase all of Acreage’s stock, and the agreement will go into effect after the United States legalizes cannabis. Until then, the two companies will work independently.
...Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.