Coachwood Group: Cannabis Giant Canopy Growth Sells Its Sports Drinks Unit For $30.4M

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Friday that it has closed the sale of BioSteel Canada and BioSteel Manufacturing, LLC for gross proceeds of $30.4 million. The sale of "substantially all" of the assets of BioSteel Canada to the Coachwood Group as contemplated by an asset purchase agreement dated Nov. 9, 2023, and a sale of all or "substantially all" of the assets of BioSteel Manufacturing to another third party as contemplated by an asset purchase ...Full story available on Benzinga.com