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

5 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

5 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

5 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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