Canopy Growth and The Supreme Cannabis Company have completed the previously announced arrangement, according to which Canopy has acquired Supreme.
“Through the addition of Supreme, we’re strengthening our leadership position by offering Canadian consumers a differentiated brand portfolio – including the addition of 7ACRES, which further bolsters our premium product segment,” said David Klein, Chief Executive Officer of Canopy. “Supreme has demonstrated the ability to cultivate premium quality flower at low cost and we’re excited to leverage these capabilities to further our leadership in the Canadian market as we scale these newly added brands and accelerate revenue growth.”
As a result of the Arrangement, Supreme has become a wholly owned subsidiary of Canopy.
For more information:
Canopy Growth Corp.
1 Hershey Dr.
Smiths Falls, Ontario
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1 855 558 9333 x 122
invest@canopygrowth.com
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