Canopy Growth to acquire Supreme Cannabis for about C$435 million in stock and cash
Canopy Growth Corp.
said Thursday it has reached an agreement to acquire Toronto-based Supreme Cannabis Co. Inc.
in a stock and cash deal valued at about C$435 million ($345.6 million). Under the terms of the deal, Supreme Cannabis shareholders will receive 0.01165872 of Canopy stock for each share owned, plus C$0.0001 in cash. That is equal to a premium of about 66% for Supreme Cannabis shareholders based on the closing prices of both stocks on the Toronto Stock Exchange…