Medical marijuana producer Canopy Growth Corp. has become the first Canadian company in the sector valued at more than $1 billion after strong quarterly results sent the stock on a tear.
The company was trading hands at $11.16 per share when stock markets closed in Toronto on Monday. That values the company at almost $1.3 billion.
As recently as July, the company was worth less than a third of that. But that was before seven U.S. states voted last week to legalize some form of either recreational or medical marijuana.
CBC News – Nov 15, 2016.
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