VRC is proud to release its latest industry report. The report provides a concise, insightful update on the cannabis industry including recent transactions, market multiples, company performance and purchase price allocation percentages.

Industry Highlights

• On September 3, 2024, Tilray Brands, Inc., a global lifestyle and consumer
  packaged goods company, successfully completed the previously
  announced acquisition of craft breweries Hop Valley Brewing Company,
  Terrapin Beer Co., and Revolver Brewing, from Molson Coors Beverage
  Company.
• On December 9, 2024, Canopy Growth Corporation and Acreage Holdings, Inc. confirmed that Canopy USA, LLC completed its acquisition of Acreage for approximately $258 million. Canopy USA now owns 100% of the issued and outstanding shares of Acreage, a leading cannabis cultivator and processor.

Past Industry Updates

Cannabis: July 2024

Cannabis: February 2024