Canadian weed giant Canopy Growth strikes $3.4 billion deal to buy Acreage after US legalization

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Canadian weed giant Canopy Growth strikes $3.4 billion deal to buy Acreage after US legalization
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div > div.group > p:first-child"> Canadian marijuana grower Canopy Growth announced Thursday a $3.4 billion deal to acquire Acreage Holdings after cannabis has been legalized in the United States.

div > div.group > p:first-child"> Canadian marijuana grower Canopy Growth announced Thursday a $3.4 billion deal to acquire Acreage Holdings after cannabis has been legalized in the United States.

"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.

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