Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) is poised to merge with The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF).
The Canadian cannabis giant said Thursday that it agreed to acquire Supreme Cannabis' issued and outstanding common shares for about CA$435 million ($345.7 million).
The deal follows Canopy Growth's purchase last week of cannabis brand Ace Valley.
The Canopy-Supreme Transaction Details: Under the terms of the agreement, each Supreme Cannabis share is worth 0.01165872 of a Canopy common share and $0.0001 in cash.
Apart from shareholder and court approvals, under the Canada Business Corporations Act, the transaction is also subject to TSX approval and approval …
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