On June 3, 2024, Canopy Growth Corporation, a leading North American cannabis company, announced significant progress in its strategic acquisitions. The company exercised its option to acquire all issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc., setting the stage for Acreage to become a wholly-owned subsidiary of Canopy USA, LLC upon closing. Additionally, Canopy Growth completed the acquisition of approximately 77% of the shares of Lemurian, Inc. (Jetty) and 100% of two companies within the Wana Brands portfolio, Wana Wellness, LLC, and The CIMA Group, LLC, on May 31, 2024. The acquisition of Mountain High Products, LLC is pending regulatory approval and expected to close in the first half of fiscal 2025. Canopy Growth also announced the acquisition of certain outstanding debt...Show More

On June 3, 2024, Canopy Growth Corporation, a leading North American cannabis company, announced significant progress in its strategic acquisitions. The company exercised its option to acquire all issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc., setting the stage for Acreage to become a wholly-owned subsidiary of Canopy USA, LLC upon closing. Additionally, Canopy Growth completed the acquisition of approximately 77% of the shares of Lemurian, Inc. (Jetty) and 100% of two companies within the Wana Brands portfolio, Wana Wellness, LLC, and The CIMA Group, LLC, on May 31, 2024. The acquisition of Mountain High Products, LLC is pending regulatory approval and expected to close in the first half of fiscal 2025. Canopy Growth also announced the acquisition of certain outstanding debt of Acreage as part of a strategic move to consolidate its financial interests. The transactions involved complex agreements, including an assignment and acceptance agreement and a commitment letter with Viridescent Realty Trust, Inc., which agreed to retain its interest in the existing Acreage credit agreement and become the sole agent under the amended and restated credit agreement. The completion of these acquisitions is subject to various closing conditions, and there is no certainty that all conditions will be satisfied or waived.