$157M acquisition of Portland cannabis company closes

//$157M acquisition of Portland cannabis company closes

$157M acquisition of Portland cannabis company closes

Acreage Holdings closed its all-stock acquisition of Form Factory, the Portland-based cannabis product co-packer, this week. Announced at $160 million in December, the deal closed at $157 million, Acreage said. But Form Factory appears on its way to becoming part of an even bigger cannabis operation, as an industry heavyweight positions itself for a post-prohibition future. Canopy Growth, a Canadian company traded on the New York Stock Exchange (NYSE: CGC), subsequently announced a definitive agreement…

Article by [author-name] (c) Manufacturing News - Manufacturing News Headlines | Bizjournals.com - Read full story here.

By | 2019-04-19T21:20:40+00:00 April 19th, 2019|Budget and Tax|

About the Author: