- Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday.
The deal is expected to fetch a premium of about 28 percent to Acreage’s five-day average trading price - or roughly 25 percent of its closing price on Wednesday, the source said. Acreage went public on the Canadian Securities Exchange in November and has licenses or agreements with holders in 19 U.S. states, while also managing a chain of retail stores.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Deal to buy rights?
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canopy Growth stock climbs more than 10% after report of potential merger with U.S. pot companyCanopy Growth Corp. shares spiked more than 10% higher in after-hours trading Wednesday after reports that it is preparing to acquire U.S. pot producer... I’ve been holding patiently and adding for everyone to realize this 😊🤯
Source: MarketWatch - 🏆 3. / 97 Read more »
'The slowdown story is a complication' — Global stocks are down after central banks warn on growthAsian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Asian shares supported by global growth hopes, eyes on earningsAsian shares started on a firm footing on Monday and the dollar eased as risk ap... You share any one of fell distortion Asian close that we love meeting world which tach
Source: Reuters - 🏆 2. / 97 Read more »