Canopy Growth rises, confirms Canopy USA's acquisition of Wana Brands

Canopy Growth

09/10/2024 13:21

** U.S.-listed shares of Canada-based cannabis firm Canopy
Growth  CGC.O  rise ~1% to $4.12 premarket
    ** Canopy USA has completed its acquisition of edibles brand
Wana, inclusive of Wana Wellness, CIMA Group, and Mountain High
Products
    ** Co now owns 100% of the outstanding equity interests in
Wana
    ** CGC had completed the acquisition of about 75% shares of
privately owned cannabis firm Lemurian (Jetty) in June
    ** "With Wana now part of Canopy USA alongside Jetty, Canopy
USA is gaining momentum while reinforcing its commitment to
building a diverse portfolio of industry-leading brands in the
U.S. cannabis market," said David Klein, CEO of Canopy Growth
    ** Up till last close, stock is down 19.96% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))