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Canopy USA, LLC completes acquisition of Wana to establish leading brand-focused cannabis company

Oct 09, 2024•about 1 year ago

Acquiring Company

Canopy Growth Corporation

Acquired Company

Wana Brands

Smiths FallsBoulderCannabisFood And Beverage

Description

Canopy USA, LLC, a leading brand-focused cannabis company, has completed its acquisition of Wana, including Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. This acquisition reinforces Canopy USA's commitment to building a diverse portfolio of industry-leading brands in the U.S. cannabis market and unlocks new growth opportunities across state-legal markets and through hemp-derived products in the U.S.

Company Information

Company

Canopy Growth Corporation

Location

Smiths Falls, Ontario, Canada

About

Canopy Growth Corporation is a world-leading diversified cannabis company dedicated to unleashing the power of cannabis to improve lives. The company delivers innovative products with a focus on premium and mainstream cannabis brands including Doja, 7ACRES, Tweed, and Deep Space. Canopy Growth's consumer packaged goods portfolio includes gourmet wellness products by Martha Stewart CBD, and category defining vaporizer technology made in Germany by Storz & Bickel.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed