Canopy Growth Buys Supreme Cannabis Co. In $345M Deal: What Investors Need To Know

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 Corporations Act, the transaction is also subject to TSX approval and approval …

Full story available on Benzinga.com

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