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Rising High: GrowGeneration terminates HGS Hydro acquisition

GrowGeneration, HGS mutually terminate agreement as Canopy plans to acquire Wana Brands In this week's "Rising High," The Fly's recurring series focused on cannabis and psychedelic stock news, The Fly looks back on a deal termination, an acquisition and analyst views. GROWGENERATION TERMINATES HGS HYDRO ACQUISITION: GrowGeneration (GRWG) announced Wednesday that the company and HGS Hydro mutually terminated the July 27 previously announced asset purchase agreement. The two companies will continue to work together to develop a mutually beneficial... -The Fly

Big Gains for TSX to Close Wednesday

Resource stocks carried Canada’s main stock index much higher Wednesday, with gains in tech stocks helping as well. The TSX Composite hurtled upward 181.35 points to close Wednesday at 20,618.47 The Canadian dollar climbed $0.25 cents to 80.39 cents U.S. The Canadian equity index has gained 17.5% so far this year on hopes of a steady economic recovery, but it has recently lost steam on concerns around higher inflation and a slowdown in global growth. Gold led the parade of victors Wednesday, with Eldorado Gold storming up 95 cents, or 8.8%, to... -Baystreet.ca

TSX Fumbles to Begin Short Week

Canada's main stock index inched lower on Tuesday, as weakness in healthcare shares and persisting fears around higher inflation dented sentiment, although losses were limited by gains in energy stocks. The TSX Composite squirted up 0.34 points Tuesday to 20,416.65. The Canadian dollar roared ahead 0.12 cents to 80.25 cents U.S. Stock markets in Canada were closed Monday for Thanksgiving. The Dutch owner of bike brands including Gazelle, Santa Cruz and Urban Arrow said on Monday it has agreed to buy brands including Cannondale, Schwinn and... -Baystreet.ca

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