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Benzinga
Benzinga
Business
Maureen Meehan

Is Canopy Growth Speeding Up Entry Into U.S. Cannabis Market With New Holding Company? It Looks That Way

Canopy Growth (NASDAQ:CGC) announced Tuesday that it is consolidating its U.S. assets into a new holding company to speed up its entry into the U.S. market in which it will hold non-voting/non-participating shares, solving several persistent issues.

The company said the creation of Canopy USA will help it reduce costs and tap into the U.S. market, which is projected to be more than $50 billion by 2026. 

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