Canopy Growth to launch wellness company with rapper Drake

Canadian cannabis company Canopy Growth Corp.

CGC, -2.22%

WEED, -2.10%

said Thursday it is planning to launch a cannabis wellness company with local rapper Drake based in his hometown of Toronto. No financial details were available, but the company plans to share some in the coming weeks. Canopy’s U.S.-listed shares rose 3.2% premarket but are down 28% in 2019, while the ETFMG Alternative Harvest ETF

MJ, -1.99%

has fallen 23% and the S&P 500

SPX, +0.96%

has gained 23%.

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