Canopy Growth s $435M deal for Supreme Cannabis highlights consumer interest in premium segment
As cannabis producers raced to the bottom to help move unsellable pot, the other end of the market remains in high demand.
Canopy Growth Corp. s acquisition of Supreme Cannabis Co. for $435 million on Thursday highlighted how valuable premium cannabis can still be in the Canadian recreational space. Sales in the segment are now booming following a rough-and-tumble period that saw more producers flock to the low-end of the market.
Most [consumer-packaged-goods] companies don t just rely on one brand, we wanted to make sure that we have appropriate scale in each in each price category, said Canopy s Chief Executive Officer David Klein in a phone interview.
Canopy Growth deal would include 7Acres greenhouse in Tiverton
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Canopy Growth deal would include 7Acres greenhouse in Tiverton
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Most actively traded companies on the Toronto Stock Exchange
by The Canadian Press
Last Updated Apr 9, 2021 at 5:44 pm EDT
TORONTO Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (19,228.03, down 0.84 of a point.)
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up half a cent, or 1.27 per cent, to 40 cents on 28.5 million shares.
The Toronto-Dominion Bank. (TSX:TD). Financials. Up 20 cents, or 0.24 per cent, to $82.88 on 9.7 million shares.
Trican Well Service Ltd. (TSX:TCW). Energy. Down four cents, or 1.91 per cent, to $2.05 on 4.1 million shares.
I3 Energy Plc. (TSX:ITE). Energy. Down half a cent, or 2.86 per cent, to 17 cents on 3.9 million shares.
iN420 - Everything Cannabis News
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