Canopy Growth Issues 9 Million Shares to Complete Acquisition of Supreme Cannabis – New Cannabis Ventures newcannabisventures.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcannabisventures.com Daily Mail and Mail on Sunday newspapers.
Supreme , the
Company or
we ) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) is pleased to announce that it has mailed a management information circular (the
Information Circular ) and related proxy materials for the special meeting of Supreme shareholders (
Supreme Shareholders ) to be held virtually on June 10, 2021 (the
Supreme Meeting ) to obtain Supreme Shareholder approval of the plan of arrangement (the
Arrangement ) with Canopy Growth Corporation (
Canopy ) pursuant to which, among other things, Canopy will acquire all of the issued and outstanding common shares of Supreme (
Supreme Shares ), which was previously announced on April 8, 2021 (the
Transaction ).
The Arrangement
Under the terms of the Arrangement, Supreme shareholders will receive 0.01165872 of a Canopy common share and $0.0001 in cash in exchange for each Supreme Share held. The Transaction provides Supreme Shareholders with a premium per Supreme Share of approximately 66% based on the closing
The Supreme Cannabis Company, Inc Mails Information Circular for Special Meeting of Shareholders prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Canopy Growth to Acquire The Supreme Cannabis Company
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TORONTO, and SMITH FALLS, ON, April 8, 2021 /PRNewswire/ - Canopy Growth Corporation ( Canopy ) (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. ( Supreme Cannabis or Supreme ) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the Arrangement Agreement ) under which Canopy will acquire all of Supreme Cannabis issued and outstanding common shares (the Supreme Cannabis Shares ) in a transaction valued at approximately $435 million on a fully-diluted basis (the Transaction ).
Canopy Growth has announced a definitive agreement to acquire The Supreme Cannabis Company. (CNW Group/Canopy Growth Corporation)
April 8, 2021 at 8:36 am Published by NCV Newswire
Canopy Growth to Acquire The Supreme Cannabis Company
TORONTO, and SMITH FALLS, ON, April 8, 2021 /PRNewswire/ – Canopy Growth Corporation (“Canopy”) (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under which Canopy will acquire all of Supreme Cannabis’ issued and outstanding common shares (the “Supreme Cannabis Shares”) in a transaction valued at approximately $435 million on a fully-diluted basis (the “Transaction”).
Under the terms of the Arrangement Agreement, Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common share (the “Exchange Ratio”) and $0.0001 in cash in exchange for each Supreme Cannabis Share held. The Transaction provides Supreme Cannabis sha