Acreage Holdings Inc., a vertically integrated, multistate operator of cannabis cultivation and retailing facilities in the U.S., announced that, further to its press releases of June 4 and June 5, 2024, Acreage anticipates that Canopy USA LLC will complete its acquisition of Acreage pursuant to the acquisitions (as defined below) in mid-December 2024. As further described … [Read more...] about Acreage Expects to be Acquired by Canopy USA in Mid-December
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Beer-Backed Pot Giant Canopy Cuts 60% of Jobs, Citing Black Market
Canopy Growth Corp., backed by Corona beermaker Constellation Brands Inc., will close major operations and cut 60% of its jobs as it says Canada’s marijuana industry has failed to meet expectations due to competition from a thriving black market. The scaling back of Canada’s second-largest pot producer is the second restructuring in less than 12 months. Together with job cuts … [Read more...] about Beer-Backed Pot Giant Canopy Cuts 60% of Jobs, Citing Black Market
