Why Canopy Growth Stock Grew on Wednesday
In what is hardly a regular occurrence for a marijuana stock these days, Canopy Growth (NASDAQ: CGC) shares rose in price on Wednesday, gaining 1.3%. Optimism throughout the broader market was one factor behind that, but investors were also cheered by the company-specific news that Canopy was divesting itself of a European subsidiary.
Canopy Growth is selling Germany-based C3 Cannabinoid Compound Company to the German pharmaceutical company Dermapharm Holding.
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Source Fool.com
