Canopy Growth Takes a Big Step in Advancing Its Strategy for the U.S. Marijuana Market
CGCCanopy Growth(CGC) The Motley Fool·2024-06-14 19:00

This move has been more than five years in the making. Canopy Growth (CGC -1.71%) has finally done it. After five years, it has found a way to close on its pending acquisition of Acreage Holdings, one of the top multi-state operators (MSOs) in the U.S. cannabis market. But a big caveat comes with the announcement -- it won't actually be able to consolidate Acreage's results due to the federal ban on pot. So what does this really mean for Canopy Growth investors? Here's a look at the key takeaways for invest ...