Canopy Growth CEO At Benzinga Conference: ‘I Don’t Think Our Investors Understand The Value That Sits Inside Of Canopy’
Canopy Growth Corp (NASDAQ:CGC) confirmed this week that shareholders gave the green light for the company’s Canopy USA plans.
This sets the stage for accelerated acquisitions of Wana and other U.S. brands.
Canopy Growth CEO David Klein and a pair of executives from Wana Brands talked about the opportunity in a panel Wednesday at the Benzinga Cannabis Capital Conference in Hollywood, Florida.
“I don’t think our investors understand the value that sits inside of Canopy. I don’t think we get any credit for Wana. I don’t think we get any credit for Jetty or Acreage and I think this new structure will allow us to demonstrate that as we go forward,” Klein said.
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What To Know: Earlier this week, Canopy Growth announced that its shareholders voted to approve the spin out of Canopy USA, which will accelerate Canopy’s entry into the U.S. market and allow the company to move quickly to acquire its U.S. assets in Wana Brands, as well as Jetty and Acreage.
Wana Brands entered into an agreement in 2021 to be acquired by Canopy Growth in a deal valued at $279.5 million. The company stood …