Any Reason To Buy CGC Stock After Plan To Gobble Up Edibles Maker?| Investor’s Business Daily
Shares of Canadian pot producer Canopy Growth (CGC) have continued their decline this year, after a meme-stocks-driven surge that ended in February. But it entered into an agreement that will allow it to buy U.S. edibles maker Wana Brands once federal laws here permit, potentially expanding its presence in the nation. So is there any reason to buy CGC stock now?
The arrangement, Canopy said, was set up as three agreements that give Canopy a call option to buy all the membership…