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
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