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Cannabis Watch: Cannabis stocks higher as Canopy shareholders meet, CannTrust unveils California venture

Cannabis stocks were mostly higher Wednesday, as investors awaited the results of shareholder votes on Canopy Growth Corp.’s proposal to acquire Acreage Holdings Inc. with the companies hosting separate meetings that kicked off at 10 a.m.

Canopy CGC, +0.57%WEED, +0.43% has an option to buy Acreage ACRGF, +2.47% once cannabis is fully legalized in the U.S. for $3.4 billion, giving it a foothold in what is expected to become the biggest cannabis market in the world. The deal must be approved by shareholders from both companies, allowing Acreage to sell some of Canopy’s best-known brands, including Tweed and Tokyo Smoke.

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