Canopy Growth Acquires Volcano Vaporizer Manufacturer for $165 Million
Canopy Growth Corporation (NYSE: CGC) announced on December 6th that the company has finalized an all-cash transaction to acquire the manufacturer of Volcano® Vaporizers and all of the company’s IP (Intellectual Property). The transaction agreement between Canopy Growth and the manufacturers of Volcano® vaporizers, Storz & Bickel GmbH & Co. KG, totaled to €145 million or approximately $165.4 million USD. Chairman and Co-Chief Executive Officer of Canopy Growth, Bruce Linton, said, “We view this as a marquee acquisition of the most recognized technology company in the industry.”
Storz & Bickel has a distinguished track record with innovative and medically approved vaporizer production that spans over two decades. The company is mostly known for its popular medical vaporizer the Volcano® Medic and the Mighty® Medic.
Jürgen Bickel, the Chief Executive Officer of Storz & Bickel, stated, “Joining Canopy will enable S&B to take the next significant development step forward. Access to Canopy Growth’s extensive portfolio of test laboratories as well as pharmaceutical and medical-scientific know-how opens up entirely new product development opportunities.”
Learn more about Canopy Growth and other cannabis companies in the Cannin Report. Sign up for Cannin Free Access and subscribe to the Cannin Chronicle. We’ll help you determine which cannabis companies to invest in.
Canopy Growth Acquires Volcano Vaporizer Manufacturer for $165 Million
About Cannin.com: Your Marijuana Stocks Resource
Cannin is your #1 resource for marijuana stocks. Our global team of experts evaluates all emerging marijuana stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana stock investments for 2020.
Use Cannin as your resource for:
- Cannabis and hemp investing news
- Featured cannabis and hemp company analysis
- Comprehensive cannabis and hemp stock reports
Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.
Many market analysts expect the legal marijuana industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana stocks is now.
Are you interested in marijuana stocks like Curaleaf, Trulieve, Aurora Cannabis, or Charlotte’s Web,?
Are you looking to buy stock in marijuana companies for 2020? Interested in emerging penny marijuana stocks? Looking for the best Canadian marijuana stocks to invest in? We can help.
Predict price movements of marijuana stocks several hours in advance with our proprietary algorithmic stock trading software.
- +25% Gains in 2020
- +49.8% Gains in 2019
- 108% Backtested since 2012
We’re so confident you’ll love our algotrading marijuana stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.
Profit from the best marijuana stocks – we’ll show you how at cannin.com.
Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks 2020
