Supreme Cannabis Shareholders Vote To Approve $435M Deal With Canopy Growth

Article by CTV News

BUSINESS | News Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth

Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million.

Supreme says 81.05 per cent of the votes cast were in favour of the deal.

The sale needed at least a two-thirds majority vote to be approved.

Under the deal, Supreme shareholders will receive 0.01165872 of a Canopy common share and 0.01 of a cent in cash for each Supreme share held.

Read the full article here.

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