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Canopy Growth Announces Plan to Acquire Jetty Extracts
Canopy Growth Announces Plan to Acquire Jetty Extracts Canada NewsWire ...
About this update from Canopy Growth Corporation
[{"type":"text","content":"\n \n \n \n Canopy Growth Announces Plan to Acquire Jetty Extracts\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Broadens Canopy Growth's Portfolio of Premium Brands with Significant Opportunities to Scale Across North America\n \n \n \n \n \n SMITHS FALLS, ON\n \n and\n \n OAKLAND, Calif.\n \n \n ,\n \n \n May 18, 2022\n \n \n /CNW/ - Canopy Growth Corporation (\"Canopy Growth\" or \"the Company\") (TSX: WEED) (NASDAQ: CGC) and Lemurian, Inc. (\"Jetty\"), a\n \n California\n \n -based producer of high-quality cannabis extracts and pioneer of clean vape technology, announced today that they have entered into definitive agreements (the \"Agreements\") providing Canopy Growth, by way of a wholly-owned subsidiary (\"Canopy Sub\"), the right to acquire, upon federal permissibility of THC in the U.S. or earlier at Canopy Growth's election, up to 100% of the outstanding capital stock of Jetty.\n \n \n \n \n \n \n \n \n \n Founded in 2013, Jetty is a top 10 cannabis brand in\n \n California\n \n \n 1\n \n , and a top 5 brand in the Vape Category\n \n 2\n \n . Backed by award-winning technology, Jetty has paved the way for the most authentic and natural vape experience available to consumers. As a leader in solventless vape and a pioneer of extraction-related intellectual property (IP), Jetty has achieved strong growth over the past two years while generating positive EBITDA amidst the highly competitive\n \n California\n \n cannabis market.\n \n \n These Agreements present Jetty with potential opportunities to collaborate across Canopy's robust U.S. THC ecosystem, which already includes the right to acquire both Acreage Hold...