Tuesday, 23 May 2023

Canopy Growth’s stock pops after plan to enter U.S. cannabis market

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Canopy Growth Corp.'s U.S.-listed stock rose 7% Monday after the Canadian cannabis company outlined its latest steps to enter the U.S. market while complying with Nasdaq listing requirements.


One relatively straightforward explanation for why stocks have rallied this year is that skeptical asset managers have effectively chased the market higher, driven by pressure to boost returns as their main benchmark, the S&P 500, has drifted higher.






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