Canopy Growth (TSE:WEED) has released an update.
Canopy Growth Corporation has announced that its subsidiary, Canopy USA, is set to acquire leading cannabis brands Wana and Jetty, enhancing its position as a brand-focused powerhouse in the U.S. market. Wana is renowned for its cannabis edibles, particularly in the gummies segment, while Jetty specializes in high-quality cannabis extracts and is recognized for its solventless vapes. The successful completion of these acquisitions is anticipated to drive revenue growth and cost synergies within the Canopy USA ecosystem.
For further insights into TSE:WEED stock, check out TipRanks’ Stock Analysis page.
