Canopy-Acreage:

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.

To get extra perception on the ins and outs of this deal – and what it’d imply for the broader U.S. marijuana market – entry our newest Rapid Reaction, out there solely to Investor Intelligence subscribers.

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Categories: Canadian Medical Marijuana & Cannabis Industry News, Cannabis Industry & Marijuana Business Briefs, International Marijuana Business News, United States Cannabis Industry & Marijuana Business News



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