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T.WEED continues acquisition spree; inks $435M deal to buy Supreme Cannabis

Stockhouse Editorial
4 Comments| April 12, 2021

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Click to enlargeCanopy Growth Corp. (TSX.WEED) – the world’s largest cannabis producer –has announced that they have entered into a definitive arrangement agreement under which Canopy will acquire all of Supreme Cannabis Company Inc. (TSX.FIRE) issued and outstanding common shares (the "Supreme Cannabis Shares") in a transaction valued at approximately $435 million on a fully-diluted basis.

Smiths Falls ON-based Canopy said the acquisition will see Supreme Cannabis’s 7Acres, Sugarleaf, and Hi-way brands join Canopy's roster, which already includes Tweed, Tokyo Smoke, Quatreau and Doja.


Full story here.


New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub on Stockhouse.


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