April 17, 2019 / 10:21 PM / a year ago

BUZZ-Canopy Growth: Rises after CNBC reports potential Acreage deal

** U.S.-listed shares of Canopy Growth rise 7% to $45.80 in extended trading after CNBC, citing sources, said co is closing in on a deal to buy Acreage Holdings

** The two cos have been in talks for about two weeks and were scheduled to speak on Wed evening to finalize the agreement, CNBC report here says

** Apart from Acreage, the report says CGC had been looking at other U.S.-based operators for potential deals

** Up to Wednesday’s close, CGC surges ~60% this year

** The companies did not immediately respond to Reuters’ requests for comment (Reporting by Aakash Jagadeesh Babu in Bengaluru)

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