Why Canopy Growth Stock Zoomed Higher Today
Struggling pot stock Canopy Growth (NASDAQ: CGC) was looking pretty good to investors on Thursday. The Canada-based cannabis slinger's shares closed the day more than 7% higher, after the company announced an asset sale.
Canopy said it has entered into an agreement to sell its headquarters building, known as Hershey Drive, in Smiths Falls, Ontario. The buyer, appropriately, is its original owner: Hershey Canada, the Canadian wing of American candy manufacturer . The marijuana company will receive around 53 million Canadian dollars ($39 million) in cash for the property.
This is the seventh in a series of asset divestments for Canopy Growth, with all of the deals combined totaling roughly $115 million.
Source Fool.com
Hershey Co. Aktie
177,94 €
-0,11 %
Die Hershey Co. Aktie wird von der Community mit mehreren Buy-Einschätzungen unterstützt.
Für Hershey Co. sieht die Community ein Kursziel von 225 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 177.94 € bedeutet.
