On October 2, 2023, Canopy Growth Corporation completed the sale of its Hershey Drive facility to Hershey Canada, Inc. for cash considerations of approximately $53 million.
The sale of the facility is part of Canopy Growth’s transformation to a simplified, asset-light operating model. Canopy Growth will continue to retain its Smiths Falls-based post-harvest manufacturing facility.
Cassels acted for Canopy Growth.