Cannabis stocks rise as investors cheer shareholder approval of Canopy megadealPosted by On

Cannabis stocks mostly climbed Thursday afternoon, as investors cheered the shareholder approval of Canopy Growth Corp. and Acreage Holdings Inc.’s planned $3.4 billion megadeal.

However, Canopy’s shares turned lower in afternoon trade, down 0.2%, as analysts weighed in on the benefits of the deal, which give the Canadian company and biggest cannabis player by market value a foothold in what is expected to become the largest cannabis market in the world. U.S. sales of medical and adult-use cannabis is…

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