Canopy USA! – UPDATED

by | Oct 26, 2022 | Company Analysis, Extract, Macro

Canopy Growth announced a series deals and new share structures to enable Canopy to acquire its US cannabis targets (Wana, Jetty, Acreage, and possibly some of Terrascend) by September 2023.

Canopy stock is up 43% on the news and Constellation is up 4%.

What are the takeaways from this convoluted transaction?

NOTE this has been updated on 10/27/2022 following an interview with the CEO of TMX, the parent of the TSX