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Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

Benzinga ·  Jun 5 00:51

Canopy Growth Corporation(TSX:WEED) (NASDAQ:CGC) announced on Tuesday today that the option toacquire all of the issued and outstanding Class E subordinate voting sharesofAcreage Holdings, Inc.(CSE:ACRG, ACRG.B.U))) (OTCQX:ACRHF, ACRDF))), hasbeen exercised.

What Happened

The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.

In connection with the arrangement agreement dated October 24, 2022, by and among Canopy Growth, Canopy USA, LLC and Acreage, as amended, in respect of the Class D subordinate voting shares of Acreage, on closing, Canopy USA will...

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