Replies to post #115163 on Canopy Growth Corp (WEED)

[FUNMAN]

Canopy Growth to launch cannabis company with rapper Drake; shares up 2%
Nov. 7, 2019 9:24 AM ET
About: Canopy Growth Corporation (CGC)
By: Douglas W. House, SA News Editor

https://seekingalpha.com/news/3516428-canopy-growth-launch-cannabis-company-rapper-drake-shares-2-percent

Canopy Growth (NYSE:CGC) inks agreements with Canadian rapper Aubrey Drake Graham to launch the More Life Growth Company, a fully licensed cannabis producer based in Toronto, Drake's hometown.

Under the terms of the deal, Drake will own 60% of More Life Growth Company while Canopy will retain a 40% interest in its former wholly owned subsidiary and will be responsible for day-to-day operations and maintenance of the More Life facility and will retain all rights to distribute product cultivated there.

Shares up 2% premarket on light volume.