Marijuana ETF Jumps After Canopy Growth Buys U.S. Hemp Researcher
This article was originally published on ETFTrends.com.
A marijuana ETF climbed Monday after Canopy Growth (NYSE: CGC) announced it acquired U.S. hemp company, Ebbu, to expand its product line. The ETFMG Alternative Harvest ETF (NYSEArca: MJ), first U.S.-listed ETF to target the cannabis and marijuana industry, increased 5.8% Monday. Canopy Growth argued that its acquisition will “complement and accelerate” its ambitions to [...]