Canada’s Canopy Growth nears deal to buy U.S.-based pot company Acreage Holdings: source

Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings, a source familiar with the matter told Reuters on Wednesday.

The transaction could be announced as soon as later on Wednesday, the source said, but cautioned there is no certainty that the two parties will agree to any deal.The person asked not to be identified because the matter is still confidential. Acreage went public on the Canadian Securities Exchange in November and has licenses or agreements with holders in 19 U.S. states, while also managing a chain of retail stores.

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