M&A Deal Summary

Canopy Growth Acquires Acreage Holdings

On April 18, 2019, Canopy Growth acquired consumer products company Acreage Holdings for 3.4B USD

Acquisition Highlights
  • This is Canopy Growth’s 1st transaction in the Consumer Products sector.
  • This is Canopy Growth’s largest (disclosed) transaction.
  • This is Canopy Growth’s 3rd transaction in the United States.
  • This is Canopy Growth’s 1st transaction in New York.

M&A Deal Summary

Date 2019-04-18
Target Acreage Holdings
Sector Consumer Products
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition
Deal Value 3.4B USD
Advisor(s) Canaccord Genuity Corp. (Financial)
DLA Piper
Cozen O'Connor (Legal)

Target

Acreage Holdings

New York City, New York, United States
website
Acreage Holdings, Inc. is a vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states with respect to a number of states with operating licenses. Acreage Holdings was founded in 2014 and is based in New York City.

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Buyer(S) 1

Buyer

Canopy Growth

Smiths Falls, Ontario, Canada

website


Category Company
SectorMedical Products
Employees4,434
Revenue 399M USD (2020)
DESCRIPTION

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis.


DEAL STATS #
Overall 7 of 14
Sector (Consumer Products) 1 of 5
Type (Add-on Acquisition) 6 of 12
State (New York) 1 of 1
Country (United States) 3 of 5
Year (2019) 3 of 6
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Cáñamo y Fibras Naturales S.L.

Alicante, Spain

Cáñamo y Fibras Naturales, S.L. is a licensed cannabis producer. Cáñamo y Fibras Naturales was founded in 2014 and is based in Alicante, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 C3 Cannabinoid Compound

Neumarkt, Germany

C3 Cannabinoid Compound develops and manufactures pharmaceutical products and is comprised of Spectrum Therapeutics GmbH, based in Neumarkt-in-der-Oberpfalz, Germany, THC Pharm GmbH The Health Concept, based in Frankfurt, Germany, and Spectrum Therapeutics Austria GmbH, based in Vienna, Austria.

Buy €226M