RE:RE:RE:RE:I just don't think people fully grasp what has happened herethe only deal that i remember being blocked was BHP buying Potash, and that was because they were going to move Potash's head office to Austrailia and lose a bunch of jobs here. This deal will not be touched.
quinlash wrote: The deal has to be approved by the feds, decision expected by end of Oct... just fyi... if a takeover of the largest pot producer in a new industry by a US company is deemed in the best interest of Canada then it's a go.
https://www.theglobeandmail.com/cannabis/article-ottawa-to-review-constellations-5-billion-investment-in-canopy/ Ottawa to review Constellation’s $5-billion investment in Canopy Growth
The federal government says it will review Constellation Brand Inc.’s proposed $5-billion investment in Canopy Growth Corp.
The alcohol giant announced earlier this month it would invest in the Smiths Falls, Ont.-based marijuana producer, giving it a 38 per cent stake in the company.
Innovation, Science and Economic Development Canada says in a statement that the deal is subject to review under the Investment Canada Act.
It says all foreign investment transactions, such as this one, will be reviewed on its merits based on the overall economic benefit for Canada.
The department says the government must review proposed acquisitions of Canadian businesses by foreign companies when the value of the business is $1.5-billion or more for investments originating in trade-agreement-partner countries.
Canopy Growth previously said the capital will be used to fuel its accelerated global growth.