Hemp stock price the hemp stock price reached $2

The hemp stock price reached $2.41 today, marking its highest point in 14 trading sessions. Market watchers attribute this surge to increased exports and potential partnerships with pharmaceutical distributors. Perhaps the market has forgotten that Constellation Brands (STZ) is a major shareholder of Canopy Growth? Despite dropping off the board in 2024 and converting its common shares into non-voting and non-participating exchangeable shares, Constellation Brands still holds about 26 million shares of CGC stock through its shell company, Greenstar Canada Investment Limited Partnership. Those exchangeable shares are convertible into common shares on a 1-for-1 basis, representing roughly 14% of the company’s stock if converted. Simon, who founded Hain Celestial Group in 1993, an organic food company he took public and grew into a $3 billion (annual sales) business, oversaw the merger of Aphria and Tilray four years ago. The deal, which valued the combined company at nearly $4 billion, was structured as a reverse acquisition of Tilray—each Aphria shareholder received approximately 0.8 Tilray shares, worth $6.20 at the time, for each Aphria share they owned. Hemp stock price is showing resilience despite market volatility, closing at $2.37 with a bullish engulfing candle. Traders expect the upcoming earnings release to be a key driver for price movement.