07:49 AM EDT, 10/09/2024 (MT Newswires) -- Canopy Growth ( CGC ) was at last look up 0.7% in US premarket on Wednesday after saying Canopy USA completed its acquisition of Wana. The company didn't provide financial details.

Canopy USA now owns 100% of Wana, including Wana Wellness, The CIMA Group, and Mountain High Products.

Canopy said the Wana buy, together with the completed acquisition of approximately 75% of the shares of Lemurian earlier this year, are part of a move to establish a leading brand-focused cannabis company in the United States. The acquisitions of Wana and approximately 75% of Jetty are expected to enable Canopy USA to realize significant financial benefits, including revenue growth and cost synergies across the Canopy USA ecosystem, a statement said.

Wana and Jetty have identified areas of collaboration, including the establishment of a joint sales force in the New York market, Canopy said.

WEED lost $0.15 or 2.6% to $5.58 on the TSX yesterday,