Supreme Cannabis Company Inc (OTC: SPRWF) announced that the Supreme Court of British Columbia has released a final order approving previously announced agreement to acquire Blissco Cannabis Corp. (OTC: 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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