Canadian cannabis giant to ingest Wana edibles brand for nearly $300M

Editor’s note: This article has been updated to include comments from a Wana Brands official.

BOULDER — Canopy Growth Corp. (TSX: WEED, Nasdaq: CGC), an Ontario, Canada-based cannabis brand umbrella company, has inked an agreement with Boulder’s Wana Brands to acquire the pot gummies maker for $297.5 million in cash and other considerations. 

The agreement gives Canopy call options to buy each of Wana’s three entities — Mountain High Products LLC, Wana Wellness LLC and The Cima Group LLC — for 15% of their fair market values at the time the option is exercised. Canopy can also make additional deferred payments upon…