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Canopy Growth signs $3.4 billion deal to buy U.S. pot company Acreage

Leading Canadian pot producer Canopy Growth Corp. says it has struck a deal that could turn it into the “undisputed leader” in the United States’ cannabis market — but only if the U.S. federal government ever makes growing and selling the drug legal.Smiths Falls, Ont.-headquartered Canopy announced Thursday it had reached an agreement that gives…


Reinsurer acquired by AIG plans foray into Canadian market

Reinsurer acquired by AIG plans foray into Canadian market

A recent acquisition of American International Group Inc. is now aiming to sell insurance to insurers in Canada.Bermuda-based Validus Reinsurance Ltd., whose parent company was bought by AIG for US$5.56 billion last year, is eyeing a Canadian branch, according to notices given in the Canada Gazette.New York-based AIG already operates in Canada through a subsidiary,…