Cannabis Watch: Cannabis stocks mixed ahead of shareholder vote on Canopy/Acreage deal

Cannabis stocks were mixed on Monday, with market leader Canopy Growth Corp. gaining after it announced its latest growth moves ahead of Wednesday’s shareholder vote on its proposal to acquire Acreage Holdings Inc.

The ETFMG Alternative Harvest ETF MJ, +0.87% was up 0.7% with 18 of its 38 constituents gaining.

Canopy shares were up 0.5%, after the Ontario-based company said it has entered a multiyear agreement with Procaps SAS, a Colombian company that develops, makes and sells over-the-counter medications and nutritional supplements for international drug companies. Procaps will help Canopy produce capsule-based products, which are popular in Latin America thanks to a regulatory regime that favors oil-based products, including softgels.

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