Canopy Growth Corp CGC shares are trading higher Tuesday. The company announced the voting results from its annual meeting of shareholders.
What Happened: All of the matters put forward at Canopy Growth's general and special meeting of shareholders were approved.
Canopy Growth shareholders approved the company's new equity incentive plan, an amendment to consolidate issued and outstanding shares, an advisory resolution on executive officer compensation and the issuance of shares pursuant to certain outstanding convertible debentures.
Cannabis stocks are also seeing increased attention this week ahead of the Senate Banking Committee's markup of the Secure and Fair Enforcement Act, or SAFE Banking Act, which is scheduled for Sept 27.
Canopy shares are up more than 145% over the last month and have trended higher to start the week. Wednesday's meeting is likely to cause some volatility across the cannabis space.
Don't Miss This: Canopy Growth Stock Blazes Higher Amid Wild Volatility In Cannabis Sector: The Bull, Bear Case
CGC Price Action: Canopy Growth shares were up 12.4% at $1.06 at the time of publication, according to Benzinga Pro.
Photo: Herbal Hemp from Pixabay.
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