QualityStocksNewsBreaks – Supreme Cannabis Company Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Announces Closing of Truverra Inc. Acquisition
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the closing of its acquisition of all of the issued and outstanding shares of privately-held Truverra Inc. According to the update, the transaction was completed by way of a three-cornered amalgamation. 2708300 Ontario Ltd., a wholly-owned subsidiary of Supreme Cannabis, combined with Truverra to form a newly amalgamated company that will operate under the name "Truverra Inc." as a wholly-owned subsidiary of the company. Consideration for the transaction, which was previously announced by Supreme Cannabis on July 17, 2019, consisted of the issuance of approximately 14.7 million common…