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Canopy Growth shares higher on $53M sale of Hershey Drive Facility in pursuit of asset-light strategy

Canopy Growth Corporation (TSX:WEED, NYSE:CGC) s shares moved higher on Thursday after the cannabis company announced it will be selling its Hershey Drive.

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Canopy Growth sells former Smiths Falls, Ont chocolate factory back to Hershey Canada

Canopy Growth sells former Smiths Falls, Ont chocolate factory back to Hershey Canada
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Ontario weed company to sell Hershey facility back to Hershey for $53M

Canopy Growth says Hershey Canada has agreed to pay in cash for the property.

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Why Canopy Growth Stock Zoomed Higher Today

The pot seller will collect the equivalent of nearly $40 million from a real estate deal.

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