Canopy Growth: Up on plans for U.S. launch of cannabis-infused beverages

Acreage Holdings

01/10/2020 13:56

** U.S.-listed shares of Canadian pot producer  CGC.N 
 WEED.TO  up 2.7% at $14.70 premarket
    ** CGC details initial plans to launch THC-infused cannabis
beverages in U.S. next summer through Acreage Holdings
 ACRGu.CD   urn:newsml:reuters.com:*:nPn2ncT5ca
    ** THC is psychoactive compound in cannabis
    ** CGC, Acreage expect to initially target Illinois and
California markets, among the largest for recreational cannabis
use
    ** Says Acreage will have access to its existing
distribution channels through strategic corporate relationships
    ** Through Wednesday's close, CGC shares down 32% YTD

 (Reporting by Lasya Priya M)
 ((LasyaPriya.M@thomsonreuters.com;))