Canopy Growth continues acquisition spree, signs $435M deal to buy Supreme Cannabis
Canopy Growth Corp. continued its recent acquisition spree and preparation for the U.S.’s potential legalization of pot with a $435-million deal to buy the Supreme Cannabis Company on Thursday. Smiths Falls-based Canopy said the acquisition will see Supreme Cannabis’s 7Acres, Sugarleaf and Hi-way brands join Canopy's roster, which already includes Tweed, Tokyo Smoke, Quatreau and Doja. “Our supply is in balance with our demand, so we just view this as a win on the brand side and a win from a production asset side,” Canopy chief executive David Klein told The Canadian Press. “It also...
Source: obj.ca