Canopy Growth Corporation has confirmed that Canopy USA, LLC has finished its acquisition of Wana, which includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. Canopy USA now has full ownership of Wana.
Along with the completed acquisition of around 75% of the shares of Lemurian, Inc. (Jetty) announced on June 4, Canopy USA is looking to establish a brand-focused cannabis company in the U.S. Wana and Jetty have plans for collaboration, such as creating a joint sales force in the New York market, with a focus on dominating the edible and vape segments.
This news comes after Wana’s recent launch of Wanderous, a direct-to-consumer marketplace offering a curated selection of hemp-derived products, including delta-9-THC and non-intoxicating CBD gummies from brands like Wana, Cann, Happi, Charlotte’s Web, Martha Stewart CBD, and MXXN. As part of this launch, Wana introduced Wana Beverages, ready-to-drink infused sparkling beverages that combine hemp extracts, real fruit juice, and other beneficial ingredients.
“With Wana now under Canopy USA alongside Jetty, Canopy USA is gaining momentum while staying committed to building a diverse portfolio of leading brands in the U.S. cannabis market,” said David Klein, CEO of Canopy Growth and board member of Canopy USA. “Completing the acquisition of Wana is a significant milestone for Canopy USA’s strategy and opens up new growth opportunities in both state-legal markets and through hemp-derived products across the U.S.”
“This acquisition is a thrilling next step for Canopy USA, as we combine Wana’s expertise in crafting innovative edibles with Jetty’s pioneering developments in vape and extract products,” added Joe Hodas, president of Wana Brands. “With the launch of Wanderous, Wana’s all-in-one platform for premium hemp-derived products, and the expansion of the brand’s core portfolio into new U.S. states, Wana continues to lead in the North American edibles category with reliable, high-quality products.
The completion of the acquisitions of Wana and around 75% of Jetty’s shares, followed by the planned acquisition of Acreage Holdings, Inc., is expected to bring financial benefits to Canopy USA, including revenue growth and cost synergies throughout the Canopy USA ecosystem.
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Emil Kovács graduated from the Journalism program at Eötvös Loránd University in Hungary. During his journalism studies, he focused on data journalism, investigative reporting, and multimedia storytelling. He gained experience by writing for the university’s student newspaper, where he gained attention for his articles on social issues. After graduation, Emil began working as a reporter at a European news agency, where he conducts in-depth analyses of international news and current events.
