Canopy Growth Reaches Agreement To Acquire Supreme Cannabis
Canopy Growth Corp (NASDAQ:CGC) (TSE:WEED) has agreed to acquire The Supreme Cannabis Company Inc (OTCMKTS:SPRWF) (TSE:FIRE) in a transaction worth $435 million. Shares of The Supreme Cannabis Company, a penny stock, surged 56% in early trading after the announcement, while Canopy Growth stock slumped by more than 2% in early trading. Q1 2021 hedge fund letters, conferences and more Canopy Growth To Acquire Supreme Cannabis CompanyIn a press release this morning, the two companies announced that Canopy would acquire all of Supreme Cannabis' issued and outstanding shares for $435 million. Supre...