Published on 7 May 2024 on Benzinga
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands - Canopy Gwth...
The Ontario-based cannabis giant Canopy Growth Corporation WEED CGC announced Tuesday it has officially exercised its options to acquire Wana and Jetty, marking a significant advance in its strategy to become a dominant player in the U.S. cannabis market.
In addition to enhancing Canopy USA’s operational footprint, these acquisitions aim to foster collaboration between the Wana and Jetty brands to leverage their market-leading positions in their respective segments. The acquisitions are contingent on standard closing conditions, including regulatory approvals. Once completed, Canopy USA will fully own Wana and hold a 75% stake in Jetty, according to a press release.