With its deal to accumulate New York-based Acreage Holdings, Canadian marijuana big Canopy Growth has “won the race” to enter the U.S. market, in line with business insiders.
The transfer can be the primary main Canada-U.S. hashish deal – however the buy gained’t be executed till the American authorities removes federal prohibition.
“I would call this game-change in the industry for sure,” stated Jesse Pytlak, an analyst with Toronto-based Cormark Securities.
The deal structured between Canopy and Acreage might function a “template” for different huge acquirers trying to faucet the U.S. hashish market, he stated.
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