Acreage shareholder supports Canopy Growth deal amid opposition

505

One of Acreage Holdings’s earliest shareholders has come out in favour of its sale to Canopy Growth as the target company’s shares languish well below the offer price.

Cresco Capital Partners, which has owned Acreage since 2015, said the New York-based cannabis firm’s association with Canopy will give it a capital boost even before the closing of the deal, which is contingent on U.S. legalization.

Ga naar Bron