Bank of America Corp
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Financials : Banks | Large Cap ValueCompany profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$30.03
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
30.16
Day's Low
29.82
Volume
(Average)
Volume:
61,796,624

10-day average volume:
62,585,531
61,796,624

Canopy Growth to invest up to $150 million in New York hemp facility

1:51 pm ET January 14, 2019 (MarketWatch)
Print

Canadian cannabis company Canopy Growth Corp. (WEED.T) said Monday it has been granted a licence to process and produce hemp in New York state. The company said it is planning to invest $100 million to $150 million in a New York base, capable of producing tons of hemp extract. Hemp is a type of cannabis plant that does not contain the psychoactive ingredient that produces the "high" associated with the substance, but does contain CBD, or cannabidiol, an ingredient that is widely held to have health benefits. Hemp can also be used in construction and plastics. Hemp was recently legalized in the U.S. via its inclusion in the recent Farm Bill. Canopy Growth is evaluating sites in the Southern Tier of New York, and intends to announce a choice within 100 days. It will provide the anchor business in a hemp industrial park and will source its product from American farmers. Canopy's U.S. -listed shares were up 7% on Monday, while Canadian-listed shares were slightly higher. The S&P 500 was down 0.3%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 14, 2019 13:51 ET (18:51 GMT)

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