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Walmart Canada exploring possible sale of cannabis-based products

Published 10/09/2018, 11:38 AM
Updated 10/09/2018, 11:40 AM
© Reuters. FILE PHOTO: Walmart store in Encinitas, California
WMT
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(Reuters) - Walmart (NYSE:WMT) Inc's Canadian unit is exploring the possibility of selling cannabis-based products, but has no immediate plans for selling them.

Walmart shares rose 2 percent to $96.62 in late morning trading.

© Reuters. FILE PHOTO: Walmart store in Encinitas, California

"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," a spokeswoman told Reuters.

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