CANOPY GROWTH AND INDIVA ANNOUNCE AGREEMENT Canopy Growth to control all distribution, marketing, and sales of industry leading Wana branded products in Canada, further uniting the Company's North American house of brands
Indiva to manufacture Wana for Canopy in Canada under exclusivity ensuring continuity of
quality product supply
Canopy to acquire 19.99% interest in Indiva as part of the transactions
SMITHS FALLS, ON and LONDON, ON, May 30, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a leading global cannabis company, and Indiva Limited ("Indiva") (TSXV:NDVA), the leading Canadian producer of cannabis edibles and other cannabis products, and its subsidiary, Indiva Inc., announced today that they have entered into a license assignment and assumption agreement (the "Assignment Agreement") providing Canopy Growth exclusive rights and interests to manufacture, distribute, and sell Wana™ branded products in Canada which accelerates Canopy Growth's ability to leverage the Wana brand.
CANOPY GROWTH AND INDIVA ANNOUNCE AGREEMENT TO POSITION WANA GUMMIES FOR CONTINUED NORTH AMERICAN BRAND LEADERSHIP (prnewswire.com)