If you are wondering if this is the bottom for Canopy Growth Corporation (NASDAQ: CGC) join the club. Investors have been asking themselves that for the last three years and, to be honest, the market could fall further. If you are wondering why Canopy Growth Company shares shot up more than 26% and appear to confirm a bottom it’s because of the purchase of Acreage Holdings (OTCMKTS: ACRDF). The purchase is expected to be an all-stock deal worth 0.45 CGC shares for every share of Acreage but it is yet to meet shareholder approval. The reason is to accelerate Canopy Growth Corporation’s move into the US market which it
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