Canopy Growth Acquires AV Cannabis Inc.

Article by Toronto.com

Canopy Growth acquires AV Cannabis Inc. Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. Canopy Growth Corp. has purchased AV Cannabis Inc. in a bid to build more brand loyalty with customers. Sean Kilpatrick

Canopy Growth Corp. has purchased AV Cannabis Inc. in a bid to build more brand loyalty with customers.

The Smiths Falls, Ont.-based cannabis company says it has acquired Ace Valley, a Toronto company that makes vapes, gummies and pre-rolls.

Financial terms were not immediately available.

Rade Kovacevic, Canopy’s president and chief product officer, said his company was keen on the deal because its stores were among the first to stock Ace Valley, which quickly revealed the strength of the brand.

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