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New Deal


Announced

Canopy Growth to acquire Jetty for $69m.

Financials

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Transaction Value£55m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Pending

Cross Border

Majority

Specialty Retailers

Acquisition

Single Bidder

cannabis products

Friendly

Synopsis

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Canopy Growth, a firm that produces, distributes, and sells medical and recreational cannabis, agreed to acquire Jetty, a retailer of cannabis products, for $69m. “Canopy Growth is building a house of premium cannabis brands with a focus on the core growth categories that will power the market’s path forward, now including Jetty – a pioneer of solventless vapes. There are significant opportunities for Jetty to scale at the state-level across the U.S. by leveraging Canopy’s U.S. ecosystem, and we’re actively working on plans to bring the brand to the Canadian recreational market," David Klein, Canopy Growth CEO.

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