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Canopy Growth to acquire Acreage in $3.4 bln deal

April 18 (Reuters) – Canadian marijuana producer Canopy Growth Corp said on Thursday it would buy U.S.-based pot firm Acreage Holdings in a deal valued at $3.4 billion.

Acreage Holders will receive an immediate payment of $300 million, or about $2.55 per Acreage subordinate voting share. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D’Silva)

By J. Phillip

Coming from Miami FL, Jonathan Phillip or (J. Phillip) is a social media marketer and currently head of PR and social media management for MarijuanaStocks.com. When working with clients in various sectors Jonathan will use his expertise and knowledge to make sure the correct audience is viewing and engaging with your content product or service. Jonathan is a self-taught marketer and entrepreneur learning from the best and sharpening his skills with each project.

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