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Canopy Growth stock climbs more than 10% after report of potential merger with U.S. pot company

Jeremy C. Owens

Canopy Growth Corp. shares spiked more than 10% higher in after-hours trading Wednesday after reports that it is preparing to acquire U.S. pot producer Acreage Holdings Inc. Bloomberg and CNBC reported that the two are in discussions, and that Canopy has shopped around for other U.S.-based assets.