Pot-Stock Frenzy Stokes Canopy Growth Shares, Options Volume
This article is for subscribers only.
Investors are looking downright giddy for Canopy Growth Corp.
The shares have rallied more than 114 percent since Constellation Brands Inc., the maker of Corona beer, said it will buy a 30 percent stake in the medical-marijuana producer for $4.7 billion on Aug. 15. Average daily volume has skyrocketed to more than 20 million shares, up from an average of 2.6 million shares in the one month prior.