Coachwood Group completed the acquisition of BioSteel from Canopy Growth for $22m.

Coachwood Group, a private equity firm, completed the acquisition of BioSteel, a dietary supplements company, from Canopy Growth, a cannabis company, for $22m. "With the completion of these two sale transactions, we have completed another critical action to focus Canopy Growth's business on our core cannabis operations and can now realize the proceeds of sale to further improve the Company's balance sheet. We wish the new owners the best in the future operation of the brand and assets," Judy Hong, Canopy Growth CFO.