representative work

Cassels Acting as Strategic and Legal Advisor to Canopy Growth on its Acquisition of Supreme Cannabis for $435 Million

04/08/2021

On April 8, 2021, Canopy Growth Corporation and The Supreme Cannabis Company, Inc. announced that they entered into an arrangement agreement pursuant to which Canopy will acquire all of Supreme Cannabis’ issued and outstanding common shares in a transaction valued at approximately $435 million.

Pursuant to a plan of arrangement under the Canada Business Corporations Act, Supreme shareholders will receive 0.01165872 of a Canopy common share and $0.0001 in cash. The arrangement remains subject to shareholder, court and applicable regulatory approvals.

Cassels is acting as strategic and legal advisor to Canopy.