Canopy Growth Completes Acquisition of Acreage Holdings

Canopy Growth Corp. has finalized its acquisition of Acreage Holdings, enhancing its foothold in the U.S. cannabis market through its subsidiary Canopy USA, which now integrates Acreage along with Wana and Jetty. This consolidation allows Canopy USA to leverage operational synergies and cost efficiencies while focusing on growth in key segments such as edibles, vapes, and flower, particularly in the Midwest and Northeast regions. CEO David Klein emphasized that this move positions Canopy USA to capitalize on the rapidly expanding market without waiting for federal legalization. The U.S. cannabis market is projected to reach $50 billion by 2026, and Canopy is strategically set to benefit from this growth. The company aims to create a unified platform for its brands, enhancing its competitive edge in state-legal markets nationwide.