Canopy Growth completed the acquisition of C3 Cannabinoid Compound Company from Bionorica for $254m.

Canopy Growth, a diversified cannabis and hemp company, completed the acquisition of C3 Cannabinoid Compound Company, a provider of a pure chemical compound with standardized concentrations of tetrahydrocannabinol, from Bionorica, a pharmaceutical company, for $254m. "We are committed to changing the conversation around cannabis-based therapeutics in Canada and around the world. To do that, we need a diverse toolbox of therapies that can be used by physicians who see the potential of the complete spectrum of cannabinoid-based medicines. Welcoming C3 into our portfolio will help us put those tools in the hands of physicians and their patients in Germany and elsewhere across Europe," Mark Ware, Canopy Growth Chief Medical Officer.