Acreage Will Use Canopy’s Clout to Do More Deals, CEO Says (1)

April 23, 2019, 1:48 PM

Acreage Holdings Inc. plans to use its pending acquisition by Canopy Growth Corp. to bulk up in the U.S. even before the deal closes, using the clout and spending power it’s gained to dominate an accelerating cannabis land grab.

“Since announcing this deal, we’ve had a number of folks come to us and say, ‘We had contemplated a sale of our business, we had entertained a number of partners, and we would now like to redirect our efforts towards you and align with you guys,’” Acreage Chief Executive Officer Kevin Murphy said in a phone interview April 22.

Canopy’s $3.4 ...

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