Canopy Growth to Acquire Jetty Extracts

Canopy USA (Canopy Growth) Completes Acquisition of Acreage Holdings

December 9, 2024

Retail

Canopy USA, an affiliate of Canopy Growth Corporation, has completed its acquisition of Acreage Holdings, acquiring 100% of Acreage's outstanding shares. The transaction consolidates Canopy USA's U.S. cannabis assets (including Wana and Jetty) into a unified, brand-focused platform to realize cost synergies, expand retail and product reach across Midwestern and Northeastern U.S. markets, and accelerate growth in state-legal markets.

TILT Holdings Acquires Jupiter Research

January 3, 2019

Manufacturing

TILT Holdings Inc. agreed to acquire Jupiter Research, a vaporization and inhalation hardware company, in a US$210 million transaction (US$70M cash and shares) under a definitive agreement signed January 2, 2019. The deal is intended to expand TILT’s hardware offerings and technology ecosystem for the cannabis supply chain; Jupiter is a 2015-founded vaporizer hardware maker serving 700+ brands with reported ~US$77M 2018 revenue and US$28M in booked orders going into Q1.

Canopy Growth Acquires The Supreme Cannabis Company

April 8, 2021

Consumer Products

Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.

Neptune Wellness Solutions Acquires SugarLeaf Labs and Forest Remedies

July 24, 2019

Manufacturing

Neptune Wellness Solutions Inc. completed the acquisition of substantially all assets of SugarLeaf Labs, LLC and Forest Remedies LLC, expanding Neptune's U.S. hemp extraction and finished-product manufacturing capacity. The initial consideration was US$18 million (US$12M cash and US$6M common shares) with potential earnouts up to US$132 million tied to performance; the deal adds a 24,000 sq. ft. North Carolina facility and expected extraction run-rate capacity to Neptune's North American platform.

Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

Consumer Products

Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.

MJ Freeway Acquisition Co Acquires Akerna's Cannabis Software Business (MJ Platform, Leaf Data Systems, Ample Organics)

April 28, 2023

Software

Akerna will sell its cannabis software business — including MJ Platform, Leaf Data Systems and Ample Organics — to MJ Freeway Acquisition Co for $5.0 million, with Alleaves participating in financing; the closing is planned to coincide with Akerna's merger with Gryphon Digital Mining. POSaBIT had earlier entered into a definitive agreement to acquire the same assets but Akerna terminated that agreement after receiving an alternative offer. The deal allows Akerna to divest its software business ahead of the Gryphon merger while enabling Alleaves / MJ Acquisition Co to expand their cannabis software and ERP capabilities.