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Supreme Cannabis Q3 Revenue Plunges Ahead Of Merger With Canopy Growth - Vimarsana News

Supreme Cannabis Q3 Revenue Plunges Ahead Of Merger With Canopy Growth

The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) (FRA: 53S1) reported Thursday having earned $16.8 million in gross revenue in the third quarter of 2021, representing a sequential decrease of 22.5%. Net revenue amounted to $13.6 million, including $11.7 million from recreational sales and $1.9 million in wholesale net revenue. "The third quarter of 2021 was marked by significant headwinds across the industry due to nationwide lockdowns and restrictions associated with COVID-19 that resulted in softness in the market, which impacted our recreational revenue," Beena Goldenberg, pres...

Canopy Growth signs deal to buy Supreme Cannabis - Vimarsana News

Canopy Growth signs deal to buy Supreme Cannabis

Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Last Modified: 1:48 PM CDT Thursday, Apr. 8, 2021 TORONTO - 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 Co. Inc. on Thursday. Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick TORONTO - Ca...

Canopy Growth signs deal worth $435 million to buy Supreme Cannabis | iNFOnews - Vimarsana News

Canopy Growth signs deal worth $435 million to buy Supreme Cannabis | iNFOnews

Tara Deschamps Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick April 08, 2021 - 8:45 AM TORONTO - 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 Co. Inc on Thursday. Smiths Falls, Ont.-based Canopy said the acquisition will see Supreme Cannabis's 7Acres, Sugarleaf and Hi-way brands join Canopy's roster, that already includes Tweed, Toky...

Source: infotel.ca
Canopy Growth continues acquisition spree, signs $435M deal to buy Supreme Cannabis - Vimarsana News

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
Most actively traded companies on the Toronto Stock Exchange | iNFOnews | Thompson-Okanagan's News Source - Vimarsana News

Most actively traded companies on the Toronto Stock Exchange | iNFOnews | Thompson-Okanagan's News Source

April 08, 2021 - 2:26 PM TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,228.87, up 99.80 points.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Up 13 cents, or 49.06 per cent, to 39.5 cents on 103.7 million shares. The Toronto-Dominion Bank. (TSX:TD). Financials. Down 98 cents, or 1.17 per cent, to $82.68 on 10.3 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or two per cent, to 98 cents on 8.6 million shares. Suncor Energy Inc. (TSX:SU). Energy. Down nine cents, or 0.34 ...

Source: infotel.ca