Canopy-Acreage: ‘Game-change’ for North American cannabis industry

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Canopy Acreage acquisition, Canopy-Acreage: ‘Game-change’ for North American cannabis industry

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.

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