CAN: Canopy Growth breaks up with Drake

Drake's plan to become a global cannabis mogul may be in doubt after his deal with Canopy Growth Corp. abruptly came to an end earlier this year, according to new information.

Canopy said in a regulatory filing Tuesday that it has ended its partnership with Drake's More Life Growth Company ULC to sell cannabis in the Canadian and global markets. Canopy didn't immediately provide a reason why the two dissolved their partnership.

"We have indeed divested from More Life and the facility in Scarborough which had been intended to be part of that agreement is now Canopy Growth's R&D facility, where we will work on plant science and science development projects," a Canopy spokesperson said in an emailed statement.

A representative from Drake's management team wasn't immediately available for comment.

Read more at bnnbloomberg.ca.


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