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Canopy Growth to Fast Track Entry into the U.S. Cannabis Market
Canopy Growth to Fast Track Entry into the U.S. Cannabis Market Canada NewsWire...
About this update from Canopy Growth Corporation
[{"type":"text","content":"\n \n \n \n Canopy Growth to Fast Track Entry into the U.S. Cannabis Market\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 Creation of U.S. holding company and exchangeable share structure designed to enable Canopy\n \n USA\n \n to trigger full ownership of U.S. cannabis investments and capitalize on market opportunity projected to be over\n \n $50B\n \n \n 1\n \n by 2026\n \n \n \n \n Floating Share Arrangement Agreement facilitates acquisition of 100% of Acreage Holdings\n \n \n \n \n Additional balance sheet actions reduce costs and create flexibility to pursue strategic growth opportunities\n \n \n \n \n \n SMITHS FALLS, ON\n \n \n ,\n \n \n Oct. 25, 2022\n \n \n /CNW/ - Canopy Growth Corporation (\"\n \n Canopy\n \n \" or the \"\n \n Company\n \n \") (TSX: WEED) (NASDAQ: CGC) today announced a strategy to accelerate its entry into the U.S. cannabis industry and unleash the value of its full U.S. cannabis ecosystem through the creation of a new U.S.-domiciled holding company, Canopy\n \n USA\n \n , LLC (\"\n \n Canopy\n \n USA\n \n \n \") and the execution of a deliberate and highly-structured process. Canopy\n \n USA\n \n will hold the Company's U.S. cannabis investments, which will enable it to exercise rights to acquire Acreage (as defined below), Wana (as defined below) and Jetty (as defined below).\n \n \n \n \n \n \n \n \n \n \"As the growth of the U.S. cannabis market continues rapidly at the state level, this strategy enables us to take control of our own destiny and capitalize on the once-in-a-generation opportunity in the largest cannabis market in the world,\" said\n \n David Klein\n \n , Chief Executive...