Canopy Growth moved to acquire Supreme Cannabis earlier this month, paying a substantial 66% premium to the prior day’s close. The company cited Supreme’s premium brands and its success in the adult-use market as motivation for the C$435 million all-stock deal. Our recent interview with CEO Beena Goldenberg captured the success she has enjoyed in her short tenure as Supreme’s CEO. Canopy’s move follows several similar acquisitions by its competitors. Aphria bought Broken Coast in 2018, adding a leading craft cannabis cultivator. Vivo Cannabis bought Canna Farms later that year.
New Cannabis Ventures, 04/18/2021 11:10:00