Did you know it's now been more than four years since Canopy Growth (NASDAQ: CGC) first announced plans to acquire multi-state marijuana operator Acreage Holdings? Needless to say, that strategy hasn't gone off smoothly -- that deal remains pending, and it's unclear whether Canopy Growth will complete it, along with other deals it has been pursuing over the years.

Below, I'll look at what a $10,000 investment in Canopy Growth would be worth today if you'd bought shares of the company after it announced plans to acquire Acreage Holdings, in what at the time was seen as a revolutionary type of deal.

Canopy Growth announced its plan to acquire Acreage Holdings back on April 18, 2019. The following trading day, the stock closed at $48.25. Buying $10,000 worth of Canopy Growth stock at the time would have allowed you to acquire approximately 207 shares of the cannabis company.

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Source Fool.com