Canopy Growth completes acquisition of Acreage Holdings to reinforce its position in the cannabis industry
Acquiring Company
Canopy Growth
Acquired Company
Acreage Holdings
Smiths Falls
New YorkCannabisManufacturingCannabisDescription
Canadian cannabis firm Canopy Growth has finalized the acquisition of Acreage Holdings, consolidating its position in the global cannabis industry. This acquisition is in line with Canopy Growth's strategic vision to drive growth, expand its market share, and realize commercial synergies. The acquisition also demonstrates Canopy Growth's commitment to executing strategic acquisitions and strengthening its operational platform.
Quick answer
Canopy Growth is acquiring Acreage Holdings, announced June 6, 2024. Canopy Growth is based in Smiths Falls, Ontario, Canada.
- How much did Canopy Growth pay for Acreage Holdings?
- The deal value was not disclosed.
- What does Canopy Growth do?
- Canopy Growth Corporation is a world-leading diversified cannabis company dedicated to unleashing the power of cannabis to improve lives.
- Where are Canopy Growth and Acreage Holdings based?
- Canopy Growth is based in Smiths Falls, Ontario, Canada. Acreage Holdings is based in New York, New York, United States.
- Who are the decision-makers at Canopy Growth?
- Fundz holds 2 contacts at Canopy Growth. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Acreage Holdings?
Acreage Holdings was acquired by Canopy Growth, based in Smiths Falls. The deal was reported on June 6, 2024. Canopy Growth Corporation is a world-leading diversified cannabis company dedicated to unleashing the power of cannabis to improve lives. Canopy Growth is publicly traded (CGC) and operates in Cannabis.
When did Canopy Growth acquire Acreage Holdings?
Canopy Growth's acquisition of Acreage Holdings was reported on June 6, 2024. Canadian cannabis firm Canopy Growth has finalized the acquisition of Acreage Holdings, consolidating its position in the global cannabis industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Acreage Holdings do?
Headquartered in New York City, Acreage is a multi-state operator of cannabis cultivation and retailing facilities in the U.S., including the company’s national retail store brand, The Botanist. It is privately held, operating in Manufacturing, and is based in New York.
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