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Cannabis Stocks Are Struggling While the Rest of the Market Climbs

Tony Owusu

Cannabis stocks were struggling mostly to keep up with the rest of the market's gains Monday, Dec. 3, but a couple of pot stocks were trading in the green. was climbing more than 9% Monday after the soft drinks maker said it was acquiring Morinda Holdings, a cannabis-infused drink seller, for $85 million. "This acquisition has potential to expand their strategic push into cannabis infused beverages globally, and further strengthens their award-winning healthy beverage portfolio," a spokeswoman for New Age Beverages said in an email to TheStreet.