TORONTO – Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million.<\/p>\n<\/p>\n
Supreme says 81.05 per cent of the votes cast were in favour of the deal.<\/p>\n<\/p>\n
The sale needed at least a two-thirds majority vote to be approved.<\/p>\n<\/p>\n
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.<\/p>\n<\/p>\n
When Canopy announced it was buying Supreme in April, it had already garnered support from the boards of both companies but required approvals from shareholders and regulators. <\/p>\n<\/p>\n
The deal will unite Smiths Falls, Ont.-based Canopy’s brands including Tweed, Tokyo Smoke, Quatreau and Doja with Supreme’s 7Acres, Sugarleaf and Hi-way lines.<\/p>\n<\/p>\n
This report by The Canadian Press was first published June 10, 2021.<\/p>\n<\/p>\n
Companies in this story: (TSX:WEED, TSX:FIRE)<\/p>\n<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
TORONTO – 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 […]<\/p>\n","protected":false},"author":522,"featured_media":1583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"","published":"2021-06-10T03:59:36","updated":"","_infotelid":"CP214829332","_prepressid":"","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[383,2,381],"tags":[],"region":[309,310,311,312],"class_list":["post-306","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-in420","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/306\/supreme-cannabis-shareholders-vote-to-approve-435m-deal-with-canopy-growth\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth","url":"http:\/\/infonews.ca\/in420\/news\/306\/supreme-cannabis-shareholders-vote-to-approve-435m-deal-with-canopy-growth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/306\/supreme-cannabis-shareholders-vote-to-approve-435m-deal-with-canopy-growth\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/20210610100624-60c221494b5a1cb083029015jpeg.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/20210610100624-60c221494b5a1cb083029015jpeg.jpg"},"articleSection":"business","author":[{"@type":"Person","name":"The Canadian Press"}],"creator":["The Canadian Press"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2021-06-10T10:59:36Z","datePublished":"2021-06-10T10:59:36Z","dateModified":"2021-06-10T17:59:36Z"},"rendered":"