On November 8, 2022, Canopy Growth Corporation, through its affiliate, BioSteel Manufacturing LLC, completed the acquisition of all of the assets of the Tetra Pak manufacturing and packaging business of Flow Beverages Inc. in its facility located in Verona, Virginia for a purchase price of US$19.5 million. As part of the transaction, the parties have entered into a co-manufacturing agreement whereby BioSteel will produce Flow’s portfolio of branded water at the Verona facility in addition to the BioSteel-branded sports hydration drinks.
Cassels acted for Canopy.