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Canopy Growth Rises Ahead of Shareholder Vote on Acreage Deal

Tony Owusu

investors both approved the agreement that the former would acquire its U.S. counterpart for a total of $3.4 billion should cannabis achieve legality at the federal level . Shares of Canopy Growth were rising 0.7% to $42.35 ahead on Wednesday. Canopy isn't actually purchasing Acreage just yet, it's simply buying the rights to purchase the company as soon as cannabis is legalized on the federal level in the U.S.