Activist Marcato Opposes Canopy Growth's Takeover Of Acreage

by bloomberg.com posted 1year ago 13 views
Marijuana plants grow in the Mother Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada. Activist investor Marcato Capital Management said it plans to vote against a proposed $3.4 billion takeover of Acreage Holdings Inc. by Canopy Growth Corp., arguing the transaction undervalues the U.S. marijuana producer. The San Francisco-based hedge fund, which owns 2.7 percent of Acreage, said in a letter to the company’s board Monday it would prefer Acreage to remain independent.

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