Friday, October 17, 2025

Latest

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.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Canopy Growth Lays Off 200 Additional Staff Members

Canopy Growth Corp (TSX: WEED) (NYSE: CGC) is laying off an additional 200 employees as...

Wednesday, April 29, 2020, 03:40:58 PM

Canopy Growth Posts Q4 2022 Loss Of $578 Million As Revenues Crater

Canopy Growth (TSX: WEED) this morning reported its fourth quarter results for fiscal 2022. Simply...

Friday, May 27, 2022, 08:24:27 AM

Smokeless Cannabis Category Sales Surge On Quarantine Measures

No one wants cannabis beverages. Or, at least that’s the line long time cannabis enthusiasts...

Saturday, April 4, 2020, 11:36:35 AM

Canopy Growth Downgraded to Neutral by Bank of America

Canopy Growth Corp (TSX: WEED) (NYSE: CGC) is off to a rough start this morning...

Friday, September 27, 2019, 09:38:16 AM

Constellation Brands Lets Canopy Growth Warrants Expire Unexercised

Constellation Brands (NYSE: STZ) appears to have walked away from the idea of investing further...

Sunday, November 5, 2023, 11:36:00 AM