Supreme Cannabis acquires Blissco Cannabis

May 16, 2019 12:10 PM ETYourWay Cannabis Brands Inc. (YOURF), SPRWFBy: Akanksha Bakshi, SA News Editor7 Comments
  • The Supreme Cannabis Company (OTCQX:SPRWF +1.4%) to acquire, by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) all of the issued and outstanding common shares of Blissco Cannabis Corp. (OTCPK:HSTRF -2.4%) not already owned by Supreme Cannabis.
  • The Arrangement is an all-stock transaction with a total value of ~C$48M. Each Blissco Share will be exchanged for 0.24 of a common share of Supreme Cannabis.
  • This transaction complements Supreme Cannabis growing brand portfolio and accelerate its growth as a premium wellness-focused cannabis company.
  • Supreme Cannabis has secured support from shareholders of Blissco representing ~52%, including CEO Damian Kettlewell.

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