Canopy Rivers is the cannabis investment platform spinoff of big marijuana producer Canopy Growth. Its share price tracks pretty closely with its parent’s, but Canopy Rivers has been the bigger winner so far this year, with its shares skyrocketing 94% in January. Both Canopy Rivers and Canopy Growth enjoyed a nice jump after Canopy Growth outlined its advantages in the fast-growing hemp-based cannabidiol (CBD) market on Jan. 9, 2019. But it was really off to the races for Canopy Rivers a couple of weeks later when the company announced its investment in Herbert, a brand platform that focuses on the cannabis beverage and edibles market. Cannabis beverages and edibles aren’t legal in Canada yet. 3 Hottest Marijuana Stocks in January — Are They Buys Now?
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