Canopy Growth Corp. has agreed to acquire The Supreme Cannabis Company for a total consideration of $435 million. Under the agreement Canopy Growth will acquire all of Supreme’s issued and outstanding stock. Shares of Canopy dropped about 4.8% at the close of trade on April 8. Under the transaction, investors in Supreme Cannabis will receive 0.01165872 of Canopy’s common shares and $0.0001 in cash for each Supreme Cannabis share held. This represents a 66% premium over the closing price of Supreme Cannabis stock as of April 7.
https://www.tipranks.com/news/canopy-growth-snaps-up-supreme-cannabis-for-435-million
Canopy Growth (NYSE:CGC)
Historical Stock Chart
From Jun 2021 to Jul 2021 Click Here for more Canopy Growth Charts.
Canopy Growth (NYSE:CGC)
Historical Stock Chart
From Jul 2020 to Jul 2021 Click Here for more Canopy Growth Charts.