British American Tobacco shares rise to 29.89 as it announces investment in cannabis company Organig

British American Tobacco's stock surged, closing at $29.89.

According to a recent report from Dbtnews, British American Tobacco Plc ADR [NYSE: BTI] saw its stock reach a high of $29.89 on December 19, with a yield increase of 1.01%. The company announced that cannabis company Organigram received an investment of CAD 124.6 million from BAT and created a strategic investment pool called “Jupiter.”