Refresh Checked Unchecked Menu Search Shopping bag Geolocation Person Facebook Instagram Twitter YouTube Info Icon CBC Icon CBC Shape CBD Icon CBD Shape CBG Icon CBG Shape THC Icon THC Shape THCV Icon THCV Shape Loading…

Canopy Buys German Vaporizer Pioneer Storz & Bickel

December 7, 2018
Storz & Bickel volcano
Canopy Growth Corporation announced on Thursday that it has acquired Storz & Bickel in a €145 million ($220 million CAD) deal.

Explore the World’s Largest Strain Database

LEAFLY’S STRAIN LIBRARY HAS ‘EM ALL

The German company, maker of the Volcano, is globally recognized as a leader in the design and manufacturing of medically approved vaporizers.

Related

The Volcano: A History of the World’s Most Iconic Cannabis Vaporizer

“S&B quite literally invented the vaporizer market. They make the best performing, highest quality, and most respected products in the segment,” said Peter Popplewell, PhD., Chief Technology Officer, Canopy Growth.

Canopy has already kickstarted the development of advanced vaporizing devices ahead of the next wave of federally-regulated products in Canada. Leveraging Storz & Bickel‘s IP into the tech-heavy vaporizer designs already in progress will allow the Ontario-based cannabis company to introduce new products that“will set a new bar in terms of quality, functionality, and consumer safety” according to Popplewell.

The acquisition strengthens Canopy’s operations in Germany where the company imports medical cannabis to European markets including approximately 2,000 German pharmacies.

Related

Walmart Canada Is Now Carrying Cannabis Vaporizers

“Joining Canopy will enable S&B to take the next significant development step forward. Access to Canopy Growth’s extensive portfolio of test laboratories as well as pharmaceutical and medical-scientific know-how opens up entirely new product development opportunities,” said Jürgen Bickel, CEO, Storz & Bickel.

Leafly Canada Staff's Bio Image

Leafly Canada Staff

Leafly Canada is based in Toronto, with correspondents and contributors stretching from Newfoundland to BC. To reach our editorial staff please contact us at info@leafly.com.

View Leafly Canada Staff's articles

  • Dante-the-cat

    Great acquisition. Just try to not ruin the brand.

  • brian lorne

    tech m. sure does not let it known loudly that it owns Leafly.You have been data mining the public and playing with us with Leafly.Nice move when you hired DEA and Fed bank individuals.Public will find out everything in time and your Tilray will collapse to no value.
    Good luck Wizards the curtain will be pulled back!
    https://mashable.com/2016/12/14/trump-thiel-very-normal-handshake/#9h9rMK0BFPqO