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

    6 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

    6 days ago - By Business Insider

    REUTERS/Amir Cohen
    Supreme Cannabis soared 60% on news it will be acquired by Canopy Growth in a $435 million transaction.
    The penny stock jumped to as high as $0.4250 before paring back some gains.
    The transaction will give Canopy a 13.6% total share of the Canadian recreational weed market
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    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...
    Read more ...