Canopy Growth Corp. says its shareholders approved transactions connected to the company’s proposed acquisition of U.S. cannabis company Acreage Holdings.
The Smiths Falls-based cannabis producer says 99.05 per cent of its shareholders voted in favour of a resolution at a special meeting held Wednesday.
The resolution approves issuing Canopy Growth common shares and making certain amendments to some company warrants in connection with the proposed acquisition.
(Sponsored)
SnowBall 2026: A premier networking event with purpose returns to 50 Sussex Dr.
As winter settles in across the capital, one of Ottawa’s most high-profile charitable and business networking events is set to return to its roots: On Wed., March 4, 2026, The
OCOBIA eyes Ottawa BIA expansion as it gears up for election year
Michelle Groulx says it’s not difficult to spot the Ottawa neighbourhoods with their own business improvement area (BIA). That’s because, she says, BIAs are a visual and experiential representation of
It says Acreage shareholders also approved the transaction at a special meeting held simultaneously.
The approvals come after a U.S. hedge fund said in May that it will vote against the US$3.4-billion offer because it is “unbelievably lopsided” in favour of Canopy Growth.
The two companies expect the transaction to close on or close to June 27 and it is subject to approval by the Supreme Court of British Columbia and other closing conditions.
Canopy Growth CEO Bruce Linton says in a statement that the transaction’s completion “is intended to position us to efficiently and effectively enter the U.S. cannabis market once federally permissible.”
