Walmart Canada looks into selling cannabis-based products, says Reuters
Walmart Inc’s (NYSE:WMT) Canadian arm is exploring the idea of selling cannabis-based products, as per a Reuters report.
“As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue, but we do not have plans to carry CBD products at this time,” said a Walmart spokeswoman to Reuters.
READ: Molson Coors’ Canadian arm closes deal with Hexo on cannabis-infused beverage line
Legalization in Canada is just a week away, taking effect as of October 17.
Shares of Walmart jumped 2% to $96.66 in Tuesday afternoon trading.
Contact Lenore Fedow at [email protected]
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Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/206710/walmart-canada-looks-into-selling-cannabis-based-products-says-reuters-206710.html
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