Canopy Growth (WEED.T) eats Hiku Brands (HIKU.C)

On September 5, 2018 Canopy Growth (WEED.T) (CGC.NYSE) announced that it has closed the acquisition of Hiku Brands (HIKU.C). The announcement followed Hiku’s August 30, 2018 special meeting of shareholders who voted to approve the transaction. “The Tweed and Vert brands we’ve built are now complemented with the likes of […]

Will weed LPs adopt profitable online marketing tactics to fight the black market? Only a few have

Last week the province of Ontario changed its retail regulations from a government run program where everyone has to hit the highway to find an official government liquor store to buy their weed, to a mixture of public and private stores. This will delay the roll out of the new […]

Canopy soars 31% on news, CEO hopes shareholders don’t go hunting for the next potential acquisition

Yesterday Canopy (CGC.N) announced Constellation Brands is acquiring 104.5 million of its shares at C$48.60 CAD, a 37.9% premium. Constellation will also receive additional warrants of Canopy that, if exercised, would provide for at least an additional $4.5 billion CAD to Canopy, boosting Constellation’s stake in Canopy to 38%. Canopy jumped $10.05 CAD (+31%) on 26.8 […]

Canopy (WEED.T), Hiku (HIKU.C), WeedMD (WMD.V), Aphria (APH.T) – who won?

Yesterday it was announced that Canopy (WEED.T) was acquiring Hiku (HIKU.C), no one saw this one coming. The adolescent cannabis space continues to get more and more unpredictable. Hiku shareholders will receive 0.046 of a Canopy share for a common share of Hiku representing the equivalent of C$1.91 per Hiku Share and […]