Canopy Growth Acquires Storz & Bickel
Transaction brings together world’s most technologically advanced vaporizer company and world’s leading cannabis company
Transaction will accelerate Canopy Growth’s product device development capabilities
SMITHS FALLS, ON, Dec. 6, 2018 /CNW/ – Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) (the “Company” or “Canopy Growth”) has finalized an all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related entities, and IP (collectively, “Storz & Bickel” or “S&B”) for a purchase price of up to approximately €145 million. With a 22-year track record of breakthrough innovations, Storz & Bickel is widely recognized as the global leader in vaporizer design and manufacturing.