Canopy Growth acquired Storz & Bickel.

Canopy Growth Corporation has finalized an all-cash transaction to acquire Storz & Bickel, related entities, and IP for a purchase price of up to approximately €145m. With a 22-year track record of breakthrough innovations, Storz & Bickel is widely recognized as the global leader in vaporizer design and manufacturing “Joining Canopy will enable S&B to take the next significant development step forward. Access to Canopy Growth’s extensive portfolio of test laboratories as well as pharmaceutical and medical-scientific know-how opens up entirely new product development opportunities. I am looking forward to actively shaping this development personally in a senior leadership position. On the one hand to ensure continuity and on the other hand to accelerate the development together with the Canopy team to lead it to unprecedented heights.” Jürgen Bickel, CEO, Storz & Bickel.