Canopy Growth to acquire Wana Brands for $298m.

Canopy Growth, a cannabis company based in Smiths Falls, agreed to acquire Wana Brands, a pharmaceutical cannabis provider, for $298m. "As we establish Canopy Growth as the world's leading cannabis company, acquiring the #1 cannabis edibles brand in North America will serve to strengthen our market position in both Canada and the United States. The right to acquire Wana secures another major, direct pathway into the US THC market upon federal permissibility, and in Canada we'll be adding the top-ranked cannabinoid gummies to our industry-leading house of brands. We're confident in the future growth of the edibles category and the tremendous opportunities with Wana," David Klein, Canopy Growth CEO.