The deals are expected to make Canopy profitable, with a leading market share in the United States and control over its marijuana assets in the country once it gets federal permission.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.
In anticipation of a federal nod, Canopy on Tuesday outlined a holding company structure to set up Canopy USA LLC, which it will own indirectly.Article content Canopy USA will have its own board of four directors with two of them designated by Canopy Growth. The deals, which need shareholder approvals, would see Corona-maker Constellation Brands Inc become a more passive owner of Canopy Growth.