Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

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.

Buyers
Canopy Growth Corporation
Targets
AV Cannabis Inc. (Ace Valley)
Sellers
Mike Wagman, Jesse Dallal
Location
Ontario, Canada
Transaction Type
Buyout

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