/biz/ - Business & Finance

Canopy Growth put out a news release this morning that I think got overlooked a bit during all the mania today. They're buying out Storz & Bickel for $220m.

Storz & Bickel is a German company, best known for manufacturing dry media vaporizers like the Volcano and handheld Mighty. They were the go-to vaporizer brand before Arizer hit the scene with versions that (arguably) worked just as well for around 40% cheaper retail price. If Canopy had bought out Arizer instead, I think that would have been much bigger news. Nevertheless, S&B is a quality dry vape manufacturer with a good international reputation and a solid get for Canopy.