Canopy Growth Corp (WEED)

[MMPRuser]

Pending shareholder and regulatory approval, the deal is scheduled to close by the end of October.

But the investment, which the companies said would be “the largest to date in the cannabis space,” will apparently draw scrutiny from the Canadian government as well.

“We can confirm that U.S.-based Constellation Brands Inc.’s proposed investment in Canopy Growth Corporation is subject to review under the Investment Canada Act,” said Hans Parmar, a spokesperson for Innovation, Science and Economic Development Canada, in an email on Friday. “The proposed acquisition, like all foreign investment transactions, will be reviewed on its merits based on the overall economic benefit for Canada.”