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Canopy Growth Enters Definitive Agreement to Acquire Supreme Cannabis | Canopy Growth Enters Definitive Agreement to Acquire Supreme CannabisFinancial Buzz


Canopy Growth Corporation (NASDAQ: CGC) and
The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) have reported entry into a definitive agreement where Canopy will acquire all Super Cannabis’s issued and outstanding common shares in a transaction valued at USD 435 Million. 
Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common shares and USD 0.0001 in cash in exchange for each Supreme Cannabis share held.  The transaction will provide Supreme Cannabis shareholders with a premium per Super Cannabis share of 66% based on closing values of the stocks as of April 7th, 2021. 
“As we continue to expand our leading brand portfolio, we’re excited to reach more consumers through Supreme’s premium brands and high-quality products, further solidifying Canopy’s market leadership,” said David Klein, Chief Executive Officer of Canopy. “Supreme’s deep commitment to superior genetics, top-tier cultivation and strict quality control, paire ....

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