Canadian cannabis operator Canopy Growth Corp. has completed its acquisition of New York-headquartered Acreage Holdings through its American holding company.
Smiths Falls, Ontario-based Canopy, which trades on the Nasdaq stock exchange as CGC, issued about 5.89 million shares valued at roughly $21.2 million to former Acreage shareholders, according to a Monday news release.
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In addition to the Acreage deal, the Canadian operator’s U.S. holding company, Canopy USA, now has completed:
100% of its acquisition of Wana Wellness, The CIMA Group Mountain High Products (collectively known as Wana, a Colorado-headquartered edibles manufacturer). The Wana deal was valued at $297.5 million when it was announced in 2021. Roughly 77% of its purchase of Jetty Extracts, a California-based extraction brand and vape technology company also
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