Canopy Growth - M&A Summary and Business Overview

Medical ProductsCompany

Canopy Growth M&A Summary

Canopy Growth has acquired 14 companies, including 10 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Canopy Growth’s largest acquisition to date was in 2019, when it acquired Acreage Holdings for $3.4B. It’s largest disclosed sale occurred in 2021, when it sold C³ Cannabinoid Compound Company to Dermapharm Holding SE for $138M. Canopy Growth has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include consumer products (36%) and agriculture (22%).

Canopy Growth Business Overview

Where is Canopy Growth headquartered?

Canopy Growth is headquartered in Smiths Falls, Ontario.

What is Canopy Growth’s revenue?

Canopy Growth disclosed revenue of 520M CAD for 2022 and 547M CAD for 2021.

How many employees does Canopy Growth have?

Canopy Growth has 3,151 employees.

What sector is Canopy Growth in?

Canopy Growth is a medical products company.

When was Canopy Growth founded?

Canopy Growth was founded in 2009.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity14
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

Canopy Growth

Canopy Growth Corp.

1 Hershey Drive,
Smiths Falls, Ontario K7A 0A8
Canada,
(855) 558 933
www.canopygrowth.com

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. Canopy Growth was founded in 2009 and is based in Smiths Falls, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 10 - 3 1 - - 14
vol $3.9B $435M $69M $4.4B
Sell (0.4/yr) # - - 1 - 1 - 2
vol $138M $14M $152M
  16

Most Recent M&A

Company Date Value Type
This Works Products Ltd. 2023-12-18 14M GBP Divestiture
London, United Kingdom · www.thisworks.com
Lemurian, Inc. 2022-05-18 69M USD Add-on Acquisition
Oakland, California · www.jettyextracts.com
C³ Cannabinoid Compound Company GmbH 2021-12-15 138M EUR Divestiture
Neumarkt, Germany · www.c3-company.de
Mountain High Products LLC 2021-10-14 - Add-on Acquisition
Boulder, Colorado · www.wanabrands.com
The Supreme Cannabis Co. Inc. 2021-04-08 435M USD Add-on Acquisition
Toronto, Ontario · www.supreme.ca
AV Cannabis, Inc. 2021-04-01 - Add-on Acquisition
Toronto, Ontario · www.acevalley.com
KeyLeaf Life Sciences 2019-06-26 - Add-on Acquisition
Saskatoon, Saskatchewan · www.keyleaf.ca
This Works Products Ltd. 2019-05-22 66M GBP Add-on Acquisition
London, United Kingdom · www.thisworks.com
C³ Cannabinoid Compound Company GmbH 2019-05-02 255M EUR Divestiture
Neumarkt, Germany · www.c3-company.de
Acreage Holdings, Inc. 2019-04-18 3.4B USD Add-on Acquisition
New York City, New York · www.acreageholdings.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Acreage Holdings, Inc. 2019-04-18 Cannabliss & Co. 2021-09-16 2
New York City, New York · www.acreageholdings.com Portland, Oregon · www.cannablissandco.com
Acreage Holdings, Inc. 2019-04-18 Acreage Florida, Inc. 2021-04-28 1
New York City, New York · www.acreageholdings.com , Florida

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 5 (36%) 3.9B (89%) 1 (50%) 14M (9%)
Agriculture 3 (21%) 69M (2%) - -
Medical Products 3 (21%) 182M (4%) - -
Life Science 2 (14%) 255M (6%) 1 (50%) 138M (91%)
Business Services 1 (7%) - - -
Total 14 $4.4B 2 $152M

By Geo

State/Country Buy Value Sell Value
United States 5 3.5B - -
  Colorado 2 19M - -
  New York 1 3.4B - -
  California 1 69M - -
Canada 4 435M - -
  Ontario 3 435M - -
  Saskatchewan 1 - - -
Germany 2 418M 1 138M
United Kingdom 2 66M 1 14M
Spain 1 - - -
Domestic 4 (29%) 435M (10%) - -
Cross-border 10 (71%) 4.0B (90%) 2 (100%) 152M (100%)
Total 14 $4.4B 2 $152M

Top M&A Advisors

Financial Deals
Greenhill & Co., Inc.
3
PwC Corporate Finance LLC
1
Legal Deals
Cassels
5
Paul Hastings
3
Ernst & Young - Law
1

Deal Values

buy # Total
> $1B 1 $3.4B
$100M to $1B 3 $853M
< $100M 3 $154M
TOTAL $4.4B
Largest Acreage Holdings, Inc.
$3.4B (2019-04-18)
sell # Total
$100M to $1B 1 $138M
< $100M 1 $14M
TOTAL $152M
Largest C³ Cannabinoid Compound Company GmbH
$138M (2021-12-15)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Strategic(s)
7%
1 (7%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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