Canopy Kicks Off Cross-Border Cannabis Consolidation

Canopy Growth Corp. announced Thursday that it’s buying Acreage Holdings Inc. in a $3.4 billion deal that keeps it onside with stock-exchange rules while giving it an entry point to the U.S. market the moment federal legalization occurs.The deal is “the most complex M&A transaction completed in decades,” according to Jonathan Sherman and Jamie Litchen, partners at Cassels Brock & Blackwell LLP, the law firm that advised Canopy on the offer.The caliber of Acreage’s