Business
Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in North America
Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in Nor...
About this update from Canopy Growth Corporation
[{"type":"text","content":"\n \n \n \n Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in North America\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{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n \n \n Transaction Strengthens Canopy Growth's U.S. Ecosystem and Increases U.S. Cannabis Market Exposure Upon Federal Permissibility\n \n \n \n \n \n SMITHS FALLS\n \n , ON and BOULDER, Colo.,\n \n Oct. 14, 2021\n \n /PRNewswire/ -\n \n \n Canopy Growth Corporation (\"Canopy Growth\" or \"the Company\") (TSX: WEED) (NASDAQ: CGC) and Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (collectively, \"Wana\" and each, a \"Wana Entity\") are pleased to announce that they have entered into definitive agreements (the \"Agreements\") providing Canopy Growth with the right, upon federal permissibility of THC in the U.S., to acquire 100% of the outstanding membership interests of Wana, the #1 cannabis edibles brand in\n \n North America\n \n by market share.\n \n \n \n \n \n \n \n \n \n Wana manufactures and sells gummies in the U.S. state of\n \n Colorado\n \n and licenses its intellectual property to partners, who manufacture, distribute, and sell Wana-branded gummies across the U.S., including\n \n California\n \n ,\n \n Arizona\n \n ,\n \n Illinois\n \n ,\n \n Michigan\n \n , and\n \n Florida\n \n giving Wana a total footprint of 12 U.S. states currently, and across\n \n Canada\n \n . Wana expects to have license agreements in place in more than 20 U.S. states, including in future adult-use markets in\n \n New York\n \n and\n \n New Jersey\n \n , prior to the end of calendar 2022.\n \n \n \n Strategic Benefits\n \n \n \n \n \n Strengthens Canopy Growth's U.S. Ecosystem\n \n : Wana's ...