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Was There Any Reason That Drove SPRWF Stock 54 Percent Higher On Thursday?



The Supreme Cannabis Company, Inc (OTCQX: SPRWF) closed its last trading day up 53.86 percent at $0.31695 and has been trading in a $0.299776 to $0.335 range. This month, the Supreme Cannabis stock surged over 41.20%; the average volume was 3.29M shares for the month. Because of an arrangement agreement for acquisition of all of its outstanding shares, the SPRWF stock soared.

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A brief summary of agreement:

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The Supreme Cannabis and Canopy Growth Corporation have entered a definitive arrangement agreement.

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How will SPRWF benefit?

In addition to receiving a market premium, Supreme Cannabis (SPRWF) shareholders will also gain exposure to the USA CBD market and conditions for expanded exposure. Additional value for SPRWF can be derived from the scalable Kincardine production facility, which is known for producing high-quality flower at low prices.


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