Australis Capital (AUSAF), Canopy Growth Corp (CGC), CHOOM HLDGS INC by Choom Hldgs Inc. (CHOOF), Fire & Flower Holdings (FFLWF), IMC MORTGAGE CO (IMCC), MARIMED INC by MariMed Inc. (MRMD), Nextleaf Solutions (OILFF), S&P Dep Receipts (SPY), TERRA TECH CORP (TRTC) - The Week In Cannabis: ETFs Are Down, Virginia Legalizes, Houseplant Hits The US, Big Retail Makes Moves
The The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS): dropped 6.3%. The The The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.9%, after recovering from Thursday's losses on Friday afternoon. One move that pretty much flew under the radar: Alimentation Couche-Tard Inc., owner of Circle K, boosted its stake in Canadian cannabis company Fire & Flower Holdings Corp. (OTCQX:FFLWF), converting roughly $52 million it held in debt to equity. Following the transaction, the retail giant will own 19.9% of Fire & Flower. “I think the move by Alimentation Couche Tard doesn't get nearly the amoun...
Source: benzinga.com