Canopy Growth Corp
CGC,
-464%
CANNABIS,
-443%
said Thursday it has reached a deal to acquire Toronto Inc-based Supreme Cannabis Co
SPRWF,
5243%
FIRE,
4906%
in a stock and cash transaction valued at approximately Cdn $ 435 million ($ 3,456 million) Under the terms of the agreement, Supreme Cannabis shareholders will receive 001165872 of Canopy shares for each share held, plus 0 $ CA0001 in cash This equates to an approximate 66% premium for Supreme Cannabis shareholders based on the closing prices of both stocks on the Toronto Stock Exchange on Wednesday. The deal gives Canopy access to the Canadian 7Acres brand, along with consumer insight and R&D capabilities The combined pro forma market share is estimated at 233% of the premium flower segment in Ontario and 214% in British Columbia, the companies said in a joint statement Canopy expects the deal to generate synergies of about C $ 30 million within two years The deal is expected to close by the end of June U Supreme Listed stocks have skyrocketed 165% pre-market on news Canopy was up 14% and gained 215% year-to-date, while the Cannabis ETF
THCX,
214%
won 50% and the S&P 500
SPX,
030%
won 86%

One of the people he killed was a prominent doctor who had treated him; he also killed two children, aged 9 and 5

Canopy Growth Action

Global News – CA – Canopy Growth to Acquire Supreme Cannabis for Approximately C $ 435 Million in Stock and Cash

Source: https://www.marketwatch.com/story/canopy-growth-to-acquire-supreme-cannabis-for-about-c435-million-in-stock-and-cash-2021-04-08