Canopy Growth Buys German Vaporizer Producer for $165 million

Canopy Growth Corporation (TSX: WEED; NYSE: CGC) has agreed to a €145 million ($165 million) deal to snap up German vaporizer producer Storz Bickel.

Ontario-based Canopy said it was bringing together the world’s most technologically advanced vaporizer company and the world’s leading cannabis company by inking the deal. Markus Storz and Jurgen Bickel set up the firm in Tuttlingen, close to the Swiss border, back in 1996.

They have spent the past 22 years developing a range of vaporizers, including the Volcano Medic and the Mighty Medic. The Volcano was the product that really earned the firm its reputation as a pioneer and many refer to it as the original vaporizer. The Mighty is a portable vaporizer and it also produces The Crafty, the Plenty and The Volcano Digit. It exports these devices to more than 50 different markets across the globe.

The founders are staying on at the

... read more at: