2 Reasons to Like Canopy Growth's Revised Acreage Holdings Deal -- and 1 Reason to Dislike It
Sometimes deals are meant to be. And sometimes deals are meant to be changed. Canopy Growth (NYSE: CGC) opted for the latter alternative last week.
Canopy and Acreage Holdings (OTC: ACRGF) first struck a deal last year in which Canopy agreed to acquire Acreage for $3.4 billion if and when the U.S. legalizes marijuana at the federal level. But last Thursday, Canopy announced new terms for its arrangement with Acreage. Here are two reasons for Canopy Growth investors to like the revised deal -- and one reason to dislike it.
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Source Fool.com
