Top cannabis CEOs say Canopy Growth’s $3.4 billion purchase of pot cultivator Acreage ‘shakes the foundation of what’s been true’ and will spur a cannabis M&A boom


Canadian pot company Canopy Growth last week announced it entered an agreement to purchase Acreage Holdings , a US pot company, for $3.4 billion conditional on the federal legalization of marijuana in the US. The deal’s unique structure could present an opportunity for more cross-border cannabis mergers, and as well provide a framework for big consumer packaged goods, pharmaceutical and tobacco companies to get in on the lucrative US cannabis market without violating US federal law.

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