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Canopy Growth Drops Drake as Cannabis Joint Venture Falls Apart

  • Deal with Toronto’s More Life Growth was launched in 2019
  • Canopy says it took $8.6 million impairment charge fiscal 2021
DrakePhotographer: Kevin Winter/Getty Images

More than a year after announcing a partnership with musician Drake, Canadian cannabis producer Canopy Growth Corp. has ended the relationship.

Canopy terminated a joint venture with Drake’s More Life Growth Co. to sell cannabis in the Canadian and global markets in March, BNN Bloomberg reported, citing the company’s regulatory filings.