Canopy Growth Corp. has acquired AgriNextUSA in a move to boost its hemp business in the United States.
Financial terms of the deal were not immediately available.
Canopy says AgriNextUSA chief executive Geoff Whaling will join Canopy Growth USA as a strategic adviser. It says Whaling is considered a hemp pioneer and a leading advocate for the sector in the United States.
(Sponsored)
How Westboro’s female entrepreneurs are making it an attractive destination to live, work and play
When fitness guru Amber Stratton opened the first Pure Yoga studio in Ottawa in 2012, Westboro was her first choice. “The space we found was a really good starting point
How Westboro’s female entrepreneurs are making it an attractive destination to live, work and play
When fitness guru Amber Stratton opened the first Pure Yoga studio in Ottawa in 2012, Westboro was her first choice. “The space we found was a really good starting point
Earlier this year, Canopy was granted a licence by the state of New York to process and produce hemp, a member of the cannabis plant family.
The Smiths Falls-based company has announced plans to invest between US$100 million and US$150 million at its proposed New York hemp operations.
The U.S. legalized the cultivation of hemp late last year as a source of cannabidiol (CBD), one of the compounds also found in cannabis.
