India, May 7 -- Canopy Growth Corp. (CGC, WEED.TO) Tuesday confirmed that Canopy USA, LLC has exercised the options to acquire Wana and Jetty.
The company said it expects these acquisitions will enable Canopy USA to realize compelling financial benefits, including the ability to drive revenue growth, and realize cost synergies across the Canopy USA ecosystem.
"With these acquisitions now triggered, Canopy USA has taken a crucial step forward in bringing together these high potential businesses and will soon be able to demonstrate the full potential of this ecosystem across the U.S. cannabis market," said David Klein, Chief Executive Officer of Canopy Growth. "In addition to the positive signals we're seeing on near term regulatory reform ...