Cannabis Watch: Canopy Growth isn’t buying Acreage Holdings, it’s buying the right to buy Acreage Holdings

Canopy Growth Corp. is not outright acquiring Acreage Holdings Inc., as reports said Wednesday, but it is preparing to pay billions for the rights to buy the U.S.-based pot company. A source familiar with the negotiations confirmed Wednesday afternoon that a Canopy Growth CGC, +2.81% WEED, +2.81%  deal with Acreage ACRGF, +9.14%  was “98% done,”…

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