On June 22, 2021, Canopy Growth Corporation completed its acquisition of all of the issued and outstanding shares of The Supreme Cannabis Company, Inc. pursuant to a plan of arrangement under the Canada Business Corporations Act. Shareholders of Supreme received 0.01165872 of a Canopy share and $0.0001 in cash. In aggregate, Canopy issued approximately 9,013,400 shares and made a cash payment of approximately $84,096.89 pursuant to the arrangement to former Supreme shareholders as consideration for their Supreme shares.
Cassels acted as strategic and legal advisor to Canopy.