Canopy Growth to Acquire Jetty Extracts
May 18, 2022
Canopy Growth Corporation entered into option agreements to acquire up to 100% of Lemurian, Inc. (Jetty), a California-based cannabis extracts and vape brand, with an aggregate upfront consideration of approximately US$69 million for ~75% of Jetty and additional consideration on exercise of the remaining option. The deal gives Canopy a strategic foothold in the California THC market and access to Jetty's solventless extraction technology and premium consumer brand as part of its U.S. THC ecosystem expansion.
- Buyers
- Canopy Growth Corporation
- Targets
- Lemurian, Inc. (Jetty)
- Industry
- Consumer Products
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Canopy Growth Completes Acquisition of MTL Cannabis
March 16, 2026
Healthcare Services
Canopy Growth Corporation completed its previously announced arrangement to acquire all issued and outstanding common shares of MTL Cannabis Corp., making MTL a wholly owned subsidiary. The deal strengthens Canopy Growth’s Canadian medical cannabis platform and expands premium flower supply and operations to better serve regulated international medical markets, including Europe.
-
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.
-
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.
-
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.
-
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.
-
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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.