According to the latest The Dales Report newsletter “Canopy Growth Corporation is rolling up its U.S. footprint in a big way. Through its subsidiary, Canopy USA, LLC, the company has completed the acquisition of Wana Brands—including Wana Wellness, The CIMA Group, and Mountain High Products. This move gives Canopy USA full ownership of Wana’s outstanding equity interests, solidifying its position in the burgeoning U.S. cannabis market. Talk about expanding your canopy!
The acquisition of Wana follows Canopy USA’s earlier purchase of approximately 75% of Lemurian, Inc., better known as Jetty, back in June 2024. With both Wana and Jetty now under its umbrella, Canopy USA is fast-tracking its strategy to become a leading brand-focused cannabis powerhouse in the United States. The two brands are already sparking up collaborations, like establishing a joint sales force in New York to dominate the edibles and vape segments. Looks like they’re not just blowing smoke!
Adding more buzz to the mix, Wana recently launched Wanderous™, a pioneering direct-to-consumer marketplace. Wanderous offers consumers a curated selection of high-quality hemp-derived products, including Delta-9-THC and non-intoxicating CBD gummies from top brands like Cann, Happi, Charlotte’s Web, Martha Stewart CBD, and MXXN. Wana also introduced Wana Beverages—a new line of ready-to-drink infused sparkling beverages that combine hemp extracts with real fruit juice and other beneficial ingredients. It’s like happy hour got a herbal upgrade!
David Klein, CEO of Canopy Growth : “With Wana now part of Canopy USA alongside Jetty, we’re gaining momentum while reinforcing our commitment to building a diverse portfolio of industry-leading brands in the U.S. cannabis market. Completing the acquisition of Wana marks another significant milestone in Canopy USA’s strategy and unlocks new growth opportunities across both state-legal markets and through hemp-derived products across the U.S.”
Joe Hodas, President of Wana Brands, chimed in: “This acquisition represents an exciting next step for Canopy USA, as we blend Wana’s expertise in crafting innovative edibles with Jetty’s pioneering developments in vape and extract products. With the launch of Wanderous™ and the expansion of our core portfolio into new U.S. states, Wana continues its leadership in the North American edibles category with trusted, high-quality product offerings.”
Looking ahead, Canopy USA plans to further expand its portfolio with the anticipated acquisition of Acreage Holdings, Inc.
This series of strategic moves is expected to yield significant financial benefits, including revenue growth and cost synergies across Canopy USA’s ecosystem. By consolidating these industry leaders, Canopy is positioning itself to capitalize on the evolving U.S. cannabis landscape, leveraging brand strength and innovative product lines to capture market share.” Source
