With its deal to acquire New York-based Acreage Holdings, Canadian marijuana giant Canopy Growth has “won the race” to enter the U.S. market, according to industry insiders.
The move would be the first major Canada-U.S. cannabis deal – but the purchase won’t be executed until the American government removes federal prohibition.
“I would call this game-change in the industry for sure,” said Jesse Pytlak, an analyst with Toronto-based Cormark Securities.
The deal structured between Canopy and Acreage could serve as a “template” for other big acquirers looking to tap the U.S. cannabis market, he said.
To get more insight on the ins and outs of this deal – and what it might mean for the broader U.S. marijuana market – access our latest Rapid Reaction, available exclusively to Investor Intelligence subscribers.
Not a subscriber? Learn more about Investor Intelligence by clicking here.
