Supreme Cannabis Company Inc SPRWF announced that the Supreme Court of British Columbia has released a final order approving previously announced agreement to acquire Blissco Cannabis Corp. HSTRF.
Supreme Cannabis will acquire all common shares of Blissco, closing the arrangement today. Each Blissco shareholder will receive 0.24 of a common share of Supreme Cannabis for each Blsissco common share held.
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"With the closing of this acquisition, Supreme Cannabis will expand its portfolio to include a consumer focused brand that specializes in products for the premium global wellness category," said Supeme Cannabis’ CEO Navdeep Dhaliwal.
Supreme Cannabis closed Thursday at $1.06 per share, while BlissCo closed at 25 cents per share.
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