Why Waitr Stock Is Smoking Today

Food delivery service Waitr Holdings (NASDAQ: WTRH) is expanding its business strategy, and the market likes it. Shares jumped as much as 21% Friday morning, and remained up 6.2% as of 10:45 a.m. EST.

After the bell Thursday, Waitr announced it will be partnering with payment processing company Flow Payments to create a cannabis delivery and payment processing service for legal marijuana dispensaries. The partnership will create a platform combining Waitr's delivery technology and resources with Flow Payments' processing to facilitate the sale and delivery of cannabis where state and federal laws allow. 

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Source Fool.com