Cannabis stocks are fluctuating today. While Altria Group (NYSE:MO) is trading in the red, as is General Cannabis Corporation (OTCQB:CANN), Canopy Growth (TSX:WEED) (NYSE:CGC) trades in the green in Toronto, apparently still benefitting from last week’s acquisition of a UK skincare company.
WEED Stock Still ClimbingOn May 22, Canopy Growth announced that it acquired This Works, an established skincare and well-being company. Canopy Growth, an Ontario-area company, said it was acquiring This Works for $73.8 million CAD in an all-cash transaction.
The acquisition “is a key aspect of a multifaceted hemp and CBD ...
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