We’ll have to wait for Federal regulation to occur reports MJ Biz

 

MJ Biz write…

Marijuana market leader Canopy Development has struck a deal to get New York-primarily based Acreage Holdings in what would be the initial important Canada-U.S. cannabis transaction – but the buy will not be executed till the U.S. government removes federal prohibition.

The mixture of the two businesses would produce a North American cannabis juggernaut.

Canopy strikes groundbreaking cannabis-sector deal to get Acreage for $three.four billion

 

MJ Biz adds…….On the very same day it announced it was becoming acquired by Canada’s Canopy Development in a groundbreaking deal, New York-primarily based marijuana firm Acreage Holdings unveiled it is purchasing Deep Roots, a vertically integrated cannabis organization primarily based in Nevada.After all its existing M&A activity is authorized, Acreage – which trades on the Canadian Securities Exchange as ACRG.U – will operate in 20 states.The $120 million deal was secured by way of Acreage subsidiary Higher Street Capital Partners.

Acreage to get Nevada cannabis organization Deep Roots for $120 million