Canopy to acquireThis works for $54.5m

Canopy Growth, a diversified cannabis, hemp, and cannabis device company, acquires This Works, best known for its face creams and pillow sprays that help users sleep for £43m ($54.4m), in an all-cash deal. Dr. Anna Persaud, This Works CEO, will remain at the helm of business operations post-acquisition to continue moving the company forward. Acquisition of This Works will enhance the Canopy’s international footprint and operations within the United Kingdom. "We are excited about this new chapter in our company’s history and the opportunity to join Canopy Growth, the world’s leading diversified cannabis and hemp company,” Anna Persaud, This Works CEO.