The TransactionI will be very appreciative if an explanation can be provided how they came up with a value at approximately $435 million on a fully diluted basis (the "Transaction").
I can't seem to make sense of the following and how it relates to the sum of $435 Mil:
"Under the terms of the Arrangement Agreement, Supreme Cannabis shareholders will receive 0.01165872 of a Canopy common share (the "Exchange Ratio") and $0.0001 in cash in exchange for each Supreme Cannabis Share held. The Transaction provides Supreme Cannabis shareholders with a premium per Supreme Cannabis Share of approximately 66% based on the closing prices of the Supreme Cannabis Shares and Canopy common shares on the Toronto Stock Exchange (the "TSX") as of April 7, 2021 ."
TIA
G1945V