Snoop Dogg Partnership Sends Canadian Weed Stock to Epic High
- First to trade on major North American exchange hits record
- Tweed to sell marijuana products under ‘Leafs by Snoop’ brand
In one of the drying rooms at the Tweed Inc. Medical Marijuana Facility, marijuana buds dry in preparation for final packaging.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
Canopy Growth Corp. jumped to a record high, and other Canadian cannabis growers gained, after unveiling a line of marijuana products for the domestic market in a partnership with rapper Snoop Dogg.
The Smiths Falls, Ontario-based company soared as much as 17 percent and was up 9.2 percent to C$5.44 at 11:12 a.m. in Toronto trading. The shares have climbed 84 percent this year, heading for a third straight annual gain.