Canopy Growth seeks shareholder nod for Canopy USA

Canopy Growth Corp. Plans to Seek Shareholder Approval for Acquisitions of U.S. Cannabis Companies

Canadian cannabis company Canopy Growth Corp. has announced its plans to seek approval from shareholders for its acquisitions of U.S.-based cannabis companies. The acquisitions will be made under the name “Canopy USA.” Canopy Growth Corp. expects to file a definitive proxy with the Securities and Exchange Commission (SEC) on or about February 13, with a shareholder vote scheduled for April 12. The goal is to combine Canopy Growth Corp.’s stake in TerrAscend with the U.S. THC businesses Jetty, Wana, and Acreage. CEO David Klein expressed confidence that Canopy USA will be able to move forward with the acquisitions following the shareholder vote.