Canopy acquires Hiku, owner of Tokyo Smoke, as cannabis oligopoly looms

Canopy Growth Corp., Canada’s largest licensed producer, has announced its acquisition of Hiku Brands Co., and estimates of the all-stock deal range from $250 M (as reported in the Financial Post) to $350 M (according to Hiku). Hiku owns the cannabis lifestyle brand/ coffee shop Tokyo Smoke along with licensed producer DOJA Cannabis, and Canopy […]

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