Marijuana ETF Reacts to Canopy Growth Acquiring Acreage for $3.4B
This article was originally published on ETFTrends.com.
Canadian marijuana producer Canopy Growth announced on Thursday that it was acquiring cannabis cultivation company Acreage Holdings in a $3.4 billion deal. The ETFMG Alternative Harvest ETF (NYSEArca: MJ) was relatively staid, remaining unchanged in its share price as of 10:45 a.m. ET. The deal gives Canopy Growth the right to purchase all of Acreage’s stock [...]