Canopy Growth Rises Ahead of Shareholder Vote on Acreage Deal

Shares of Canopy Growth were rising 0.7% to $42.35 ahead of Wednesday’s opening bell. 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. Shareholders of Acreage and Canopy shareholders are both scheduled to vote separately at 10 a.m. ET.