K2 Principal Fund L.P. Makes New $341,000 Investment in Canna-Global Acquisition Corp (NASDAQ:CNGL)

K2 Principal Fund L.P. bought a new stake in Canna-Global Acquisition Corp (NASDAQ:CNGL) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 32,800 shares of the company’s stock, valued at approximately $341,000. K2 Principal Fund L.P. owned 0.50% of Canna-Global Acquisition at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNGL. Crystalline Management Inc. acquired a new position in Canna-Global Acquisition in the 4th quarter valued at $546,000. SkyView Investment Advisors LLC acquired a new stake in Canna-Global Acquisition in the 1st quarter valued at about $787,000. Warberg Asset Management LLC purchased a new position in Canna-Global Acquisition in the 2nd quarter worth approximately $776,000. Clear Street LLC boosted its holdings in shares of Canna-Global Acquisition by 553.7% during the 2nd quarter. Clear Street LLC now owns 150,000 shares of the company’s stock worth $1,565,000 after purchasing an additional 127,053 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position in shares of Canna-Global Acquisition by 15.6% in the second quarter. Wolverine Asset Management LLC now owns 174,843 shares of the company’s stock valued at $1,824,000 after purchasing an additional 23,546 shares in the last quarter. Institutional investors and hedge funds own 19.55% of the company’s stock.

Canna-Global Acquisition Price Performance

NASDAQ:CNGL opened at $10.16 on Tuesday. Canna-Global Acquisition Corp has a one year low of $9.90 and a one year high of $11.99. The stock has a 50 day moving average price of $10.83 and a 200 day moving average price of $11.00.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.