Replies to post #114447 on Canopy Growth Corp (WEED)

[FUNMAN]

Canopy Growth divests AusCann stake

Oct. 13, 2019 6:58 PM ET
About: AusCann Group Holdings... (ACNNF)
By: Douglas W. House, SA News Editor

https://seekingalpha.com/news/3505405-canopy-growth-divests-auscann-stake

Aussie medical cannabis product developer AusCann Group Holdings (OTCPK:ACNNF) discloses that Canopy Growth (NYSE:CGC) has sold its entire 13.2% stake in a direct transaction. The majority, ~11.4%, was acquired by Western Australia-based Merchant Funds Management.

Canopy added to its position as late as June when it exercised ~7.7M options.


This feels like they're creating a leaner and meaner vision of the expansionist Canopy.