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7 Key Takeaways From Canopy Growth’s Acquisition Of The Supreme Cannabis Company

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis. We believe that Canopy Growth made the acquisition to better positioned itself to compete against the previously announced business combination of Aphria…

Canopy Growth to Acquire Supreme Cannabis for $435 Million in Stock

Canopy Growth to Acquire The Supreme Cannabis Company TORONTO, and SMITH FALLS, ON, April 8, 2021 /PRNewswire/ – Canopy Growth Corporation (“Canopy”) (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under […] READ MORE: https://www.newcannabisventures.com/canopy-growth-to-acquire-supreme-cannabis-for-435-million-in-stock/

Canopy Growth to Acquire The Supreme Cannabis Company

Canopy Growth Corporation (“Canopy”) (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or “Supreme”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under which Canopy will acquire all of Supreme Cannabis’ issued and outstanding common shares (the “Supreme Cannabis Shares”) in a…

Canopy Growth Completes Acquisition of Leading Ontario-based Cannabis Brand Ace Valley

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) is proud to announce that it has completed the acquisition of AV Cannabis Inc. (“Ace Valley”) – one of Ontario’s leading cannabis brands. With a strong focus on ready-to-enjoy (“RTE”) products and a loyal following of millennial and Gen-Z consumers, the acquisition will strengthen Canopy’s industry leading house…

Sumayyah Emeh-Edu Joins Canopy Growth as Vice President of Diversity, Equity, and Inclusion

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) is pleased to announce that Sumayyah Emeh-Edu will be joining the company in the newly created role of Vice President of Diversity, Equity, and Inclusion. In this role, Emeh-Edu will be responsible for enhancing diversity, equity, and inclusion awareness and programs across Canopy’s business and regions. READ MORE:…

Canopy Growth Signs Up For $750 Million Loan

Canopy Growth Corporation (NASDAQ: CGC) announced that it has entered into a credit agreement with Funds advised by King Street Capital Management, L.P. Under the Credit Agreement, the company has raised a $750 million in a senior secured term loan. Canopy also said it has the ability to obtain up to an additional $500 million of incremental senior secured debt pursuant to the Credit Agreement. “We are…

Canopy Growth Announces US$750 Million Term Loan Financing

Provides further balance sheet flexibility for growth investments in our core markets SMITHS FALLS, ON, March 18, 2021 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or “Canopy” or the “Company”) (TSX: WEED) (NASDAQ: CGC) is pleased to announce that it has entered into a credit agreement (the “Credit Agreement”) with Funds advised by King Street Capital Management, L. Under the…

Canopy Growth laying off 75, plans to close Danish facility, in latest cost-cutting move

Canopy Growth Corp. is laying off 75 people in North America, and may cut dozens of additional positions in Denmark, as the Canadian cannabis producer completes a year-long cost-cutting review of its operations, a company spokesperson said.  The restructuring in Canopy’s home market took immediate effect, with 75 people let go in North America, the spokesperson said. Most of those affected workers were…

Health Canada probing cannabis labelling amid Canopy Growth potency complaint

Health Canada is investigating complaints alleging inaccurately-labelled potency levels for some products sold by licensed pot producers, including industry leader Canopy Growth Corp.  The Smiths Falls, Ont.-based cannabis producer was called out by a rival in a complaint submitted to Health Canada’s Cannabis Compliance Directorate last month. According to a copy of the document obtained by BNN Bloomberg, the complaint…