$3.4 billion deal to buy Acreage gives Canopy Growth gateway to massive U.S. cannabis market

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

$3.4 billion deal to buy Acreage gives Canopy gateway to massive U.S. cannabis market

Leading Canadian pot producer Canopy Growth Corp. says it has struck a deal that could turn it into the “undisputed leader” in the United States’ cannabis market — but only if the U.S. federal government ever makes growing and selling the drug legal.

In a release, Canopy chairman and co-CEO Bruce Linton called it a “complex transaction with a simple objective,” namely gaining access to the much-larger market of marijuana consumers south of the Canadian border. “At the same time, a confluence of factors are making it much more difficult for a multi-state operator to achieve its full potential, including the enormous amount of cash required to scale,” said Acreage chairman, CEO and President Kevin Murphy in a release. “Our board of directors, management team and I are pleased to deliver significantly increased liquidity to our shareholders and put ourselves in an even stronger position to deliver continued and significant upside.

Ultimately, assuming the conversion of all the Acreage securities following federal legalization, Acreage shareholders would own approximately 12.1 per cent of Canopy, and up to 16.6 per cent if certain allowable acquisitions go through before legalization.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 10. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Canopy Growth to buy U.S. pot company Acreage in $3.4 billion dealNew York-based Acreage boasts former U.S. House Speaker John Boehner and former Canadian Prime Minister Brian Mulroney as directors Alice Cooper!!
مصدر: nationalpost - 🏆 10. / 80 اقرأ أكثر »

Canada’s Canopy Growth nears deal to buy U.S.-based pot company Acreage Holdings: sourceCanadian cannabis companies have been looking for ways to get into the U.S. market, where cannabis remains federally illegal
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Fed report finds tight U.S. labour market, gradual economic growthThe central bank’s Beige Book report found economic activity grew at a slight-to-moderate pace in March and early April
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

These are the cannabis companies the manager of Evolve’s U.S. Marijuana ETF is betting onThese are the cannabis companies the manager of Evolve's U.S. Marijuana ETF is betting on
مصدر: nationalpost - 🏆 10. / 80 اقرأ أكثر »