Canopy Growth to Acquire 20% Stake in Indiva For $2.2M Under Latest Deal
Portfolio Pulse from Benzinga Newsdesk
Canopy Growth Corporation (NASDAQ: CGC) will acquire a 20% stake in Indiva Limited for $2.2 million, granting Canopy Growth exclusive rights to manufacture, distribute, and sell Wana-branded products in Canada.
May 30, 2023 | 11:47 am
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Canopy Growth's acquisition of a 20% stake in Indiva will grant them exclusive rights to Wana-branded products in Canada, potentially increasing their market share.
The acquisition of a 20% stake in Indiva will provide Canopy Growth with exclusive rights to manufacture, distribute, and sell Wana-branded products in Canada. This could potentially increase Canopy Growth's market share and revenue, positively impacting their stock price in the short term.
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