Here are some notable stories and events to watch for in the coming days:
DAY OF DECISION: Shareholders of Canopy Growth and Acreage Holdings are scheduled to vote Wednesday on the much-heralded mega-merger of the two companies. If consummated, it would become the first major Canadian/U.S. cannabis transaction.
Each company’s shareholders will vote separately. At least 66% approval from shareholders of both companies is needed for the deal to close, according to Yahoo Finance.
Canopy, Canada’s largest cannabis company, and Acreage, the largest multistate marijuana operator in the U.S., reached a deal in April that gives Canopy the right to acquire all of Acreage’s shares when MJ production and sales become legal at the federal level in the United States.
Under the terms of the agreement, Acreage would receive an immediate payment of $300 million.