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Canopy Growth Strikes 2 Deals

TheMotleyFool

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Canopy Growth (NYSE: CGC), which is considered a leading marijuana stock, is reconfiguring itself with a pair of deals announced on Monday.

The first is the company's closing of its acquisition of U.K.-based Beckley Canopy Therapeutics. That entity, which focuses on the research of cannabis-based pharmaceuticals, was a joint venture it formed in 2018 with a think tank called Beckley Research & Innovation.

Image source: Getty Images.

Source Fool.com

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