Smiths Falls, Ontario, October 9, 2024 – Press Release – Canopy Growth Corp. announces that Canopy USA LLC has completed its acquisition of Wana (as defined below), including Wana Wellness LLC, The CIMA Group LLC and Mountain High Products. I have confirmed that. LLC (collectively “Wana”). Canopy USA currently owns 100% of Wana's outstanding equity interest.
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Combined with the completion of the acquisition of an approximately 75% stake in Lemurian (Jetty) announced on June 4, 2024, Canopy USA is achieving its ambition to create a brand-focused cannabis company in the United States, Wana said. revealed Jetty. Areas of cooperation, including the establishment of a joint sales force in the New York market, focused on category advantages across the edible and e-cigarette segments.
This announcement follows Wana's recent launch of Wanderous. Wanderous is a first-of-its-kind direct-to-consumer marketplace dedicated to providing consumers with a selection of high-quality hemp-derived products, including Delta-9 THC and non-addictive CBD gummies from leading manufacturers. Brands like Wana, Cann, Happi, Charlotte's Web, Martha Stewart CBD, MXXN and more. As part of this launch, Wana is introducing a new line of Wana Beverages, ready-to-drink infused sparkling beverages that combine hemp extract, real fruit juice, and other beneficial ingredients, giving consumers a Wana product experience. provided a new and very session-friendly way to
“With Wana joining Canopy USA alongside Jetty, Canopy USA is gaining momentum as we strengthen our efforts to build a diverse portfolio of industry-leading brands in the U.S. cannabis market.” Canopy said David Klein, CEO of Growth. Mr. Klein also serves on the Board of Directors of Canopy USA. “The completion of the acquisition of Wana marks another important milestone in Canopy USA's strategy, opening up new growth opportunities in both state-legal markets and hemp-derived products across the United States.”
“This acquisition is an exciting next step for Canopy USA, combining Wana's expertise in innovative food manufacturing with Jetty's pioneering development in vape and extract products,” said Wana Brands President. said Joe Hodas. “With the launch of Wanderous, Wana’s one-stop shop for premium hemp-based products, and the expansion of the brand’s core portfolio into new U.S. states, Wana continues to expand its leadership in the North American edibles category with reliable, high-quality products. We continue to provide:
With the completion of the acquisition of approximately 75% of Wana and Jetty's stock, and the subsequent planned acquisition of Acreage Holdings Inc., Canopy USA will benefit from increased revenue and cost synergies across the Canopy USA ecosystem. It is expected to realize significant financial benefits.
