WEED - Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands | Benzinga
The Ontario-based cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced Tuesday it has officially exercised its options to acquire Wana and Jetty, marking a significant advance in its strategy to become a dominant player in the U.S. cannabis market.
Why It Matters
In addition to enhancing Canopy USA’s operational footprint, these acquisitions aim to foster collaboration between the Wana and Jetty brands to leverage their market-leading positions in their respective segments. The acquisitions are contingent on standard closing conditions, including regulatory approvals. Once completed, Canopy USA will fully own Wana and hold a 75% stake in Jetty, according to a press release.
Wana, known for its leading position in the North American cannabis edibles market, especially in gummies, is ...