CANADIAN WEED GIANT CANOPY GROWTH STRIKES $3.4 BILLION DEAL TO BUY ACREAGE AFTER FEDERAL LEGALIZATION
“Today we announce a complex transaction with a simple objective. Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists,” said Canopy co-CEO Bruce Linton in a press release. “By combining Acreage’s management team, licenses and assets with Canopy Growth’s intellectual property and brands, there will be tremendous value creation for both companies’ shareholders.”