Canopy Kicks Off Cross-Border Cannabis Consolidation
- Next target could be iAnthus for $1.5 billion, analyst says
- Aphria, Green Growth could partner on U.S. CBD business
Canada legalized recreational marijuana use in 2018.
Photographer: Chris Roussakis/BloombergThis article is for subscribers only.
Cross-border cannabis consolidation has begun.
Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs.