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Why Canopy Growth Stock Rose Today

TheMotleyFool

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Shares in Canadian marijuana company Canopy Growth (NASDAQ: CGC) jumped as much as 7% early Tuesday, before settling back to a gain of about 6% as of 11 a.m. EST. The move comes on the heels of a 6% gain in the stock on Monday.

Today, the company announced a new line of CBD-infused beverages for the U.S. market. The company calls the Quatreau brand "a premium ready-to-drink CBD-infused sparkling water." The launch in the U.S. follows a rollout of Quatreau beverages in Canada last year. It has grown to become Canada's top-selling ready-to-drink CBD beverage, according to Canopy Growth.

Source Fool.com

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