Canopy Growth Announces Reverse Split & Stock Drops Nearly 30%

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Canopy Growth Corporation (CGC/WEED) the Canadian company’s board approved the share-consolidation plan on the basis of one post-consolidation common share for every 10 pre-consolidation shares. Stock dropped almost 30% today on the news. Why was Canopy Growth stock down so much today? CGC charting, news and analysis for Wednesday December 13th, 2023.

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