Canopy Growth Acquires The Supreme Cannabis Company
April 8, 2021
Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.
- Buyers
- Canopy Growth Corporation
- Targets
- The Supreme Cannabis Company, Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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