Canadian cannabis giant Canopy Growth is close to a deal to purchase Acreage Holdings, representing the latest in a string of deals in one of the globe’s fastest-growing industries.
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The two companies have been in talks for about two weeks and were scheduled to speak on the phone Thursday evening to finalize the agreement, sources familiar with the matter tell CNBC’s Melissa Lee. Sources also told CNBC that Canopy had been looking at other U.S.-based operators in addition to Acreage.
Acreage Holdings, one of the U.S.′ largest vertically integrated multistate cannabis operators, has attracted attention on Wall Street in part thanks to former U.S. House of Representatives Speaker John Boehner, who serves as a director at the company.
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