Monday, October 6, 2025

Canopy Growth Finally Completes Acquisition Of Acreage Holdings

Canopy Growth (TSX: WEED) has completed its acquisition of Acreage Holdings (CSE: ACRG), which was conducted through the associated Canopy USA entity. The arrangement marks the final piece of Canopy USA, which includes ownership of Wana Wellness, The CIMA Group, Mountain High Products, and a 77% interest in Jetty.

The transaction, which was originally arranged back in early 2019, saw Canopy acquire all of the Class E “Floating Shares” of Acreage, at a ratio of 0.045 of a Canopy share for each share of Acreage Floating Shares held. All of the Class D “Fixed Shares” meanwhile were acquired for no consideration.

A US$19.5 million payment in the form of shares was also made to an eligible participant under an existing tax receivable bonus plan related to a subsidiary of Acreage. A total of 5.89 million common shares were issued in connection to this payment and the aforementioned share exchange of Acreage shares.

An additional 1.32 million shares of Canopy were also issued, which were used to satisfy a put liability that remained outstanding.

“Completing the acquisition of Acreage marks the final step in establishing Canopy USA as a unified platform which we believe offers significant upside as the Canopy USA portfolio of brands can now capitalize on the rapidly expanding U.S. cannabis market, independent of the need for federal legalization,” commented David Klein, CEO of Canopy Growth.

Acreage Holdings in the third quarter posted total revenue of $39.6 million, along with a net loss of $22.2 million. The entity as of September 30 had cash of $13.8 million, along with total assets of $293.1 million and total liabilities of $419.3 million.

Canopy Growth currently holds an 84.4% interest in Canopy USA.

Canopy Growth last traded at $5.12 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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