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Penny stock Supreme Cannabis Company soars 60% on Canopy Growth merger

12 days ago   |   By Business Insider

Summary List Placement Canadian penny stock Supreme Cannabis surged as much as 60% Thursday and trading volume spiked after news that weed giant Canopy Growth will acquire the company in a transaction valued at approximately $435 million.
More than $100 million worth of shares of Supreme Cannabis changed hands as of 3:20 p.m. ET, far surpassing the stock's average trading volume of $12 million, according to Yahoo Finance data.
Shares of the penny stock spiked to $0.4250 before paring back some gains. Meanwhile Canopy Growth fell 5%.
The transaction will give Canopy a 13.6% total share of...
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Penny stock Supreme Cannabis Company soars 60% on Canopy Growth merger

Penny stock Supreme Cannabis Company soars 60% on Canopy Growth merger

12 days ago   |   By Business Insider

Summary List Placement Canadian penny stock Supreme Cannabis surged as much as 60% Thursday and trading volume spiked after news that weed giant Canopy Growth will acquire the company in a transaction valued at approximately $435 million.
More than $100 million worth of shares of Supreme Cannabis changed hands as of 3:20 p.m. ET, far surpassing the stock's average trading volume of $12 million, according to Yahoo Finance data.
Shares of the penny stock spiked to $0.4250 before paring back some gains. Meanwhile Canopy Growth fell 5%.
The transaction will give Canopy a 13.6% total share of...
Read more ...

 

Canopy Growth to buy rival Supreme Cannabis in major marijuana merger

Canopy Growth to buy rival Supreme Cannabis in major marijuana merger

12 days ago   |   By New York Post

Canada's Canopy Growth said Thursday it will buy rival Supreme Cannabis for C$323.3 million , as the world's biggest cannabis producer bolsters its portfolio to tap surging demand. US-listed shares of Canopy rose 1.3 percent to $30.33 after it announced the cash-and-stock deal for Supreme, which owns pot brands including 7ACRES and Blissco. Easing...
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