Canopy buying Supreme Cannabis for $435M in premium brand grab

Mugglehead
By Jared GnamApr 8, 2021, 8:33 pm258 pts
Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) is buying The Supreme Cannabis Company (TSX: FIRE) for $435 million in a bid to bolster its share in the Canadian recreational market. On Thursday, Ontario-based Canopy said the cash-and-stock deal gives the company its first premium pot brand, noting Supreme’s…

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