July 10 (Reuters) - Hiku Brands Company Ltd HIKU.CD :
* CANOPY GROWTH TO ACQUIRE HIKU BRANDS TO STRENGTHEN RETAIL AND BRAND PORTFOLIO
* HIKU BRANDS COMPANY LTD - HIKU SHAREHOLDERS WILL RECEIVE 0.046 OF A CANOPY GROWTH COMMON SHARE IN EXCHANGE FOR EACH COMMON SHARE OF HIKU
* HIKU BRANDS COMPANY LTD - BOARD OF DIRECTORS OF HIKU HAS UNANIMOUSLY APPROVED AGREEMENT WITH CANOPY GROWTH
* HIKU BRANDS COMPANY LTD - BOARD OF DIRECTORS OF CANOPY GROWTH HAS UNANIMOUSLY APPROVED AGREEMENT WITH HIKU BRANDS CO
* HIKU BRANDS - AGREEMENT WITH CANOPY GROWTH ALSO PROVIDES FOR PAYMENT OF A C$15 MILLION TERMINATION FEE, IF TRANSACTION TERMINATED IN CERTAIN CIRCUMSTANCES
* HIKU BRANDS - BOARD UNANIMOUSLY DETERMINED THAT CANOPY GROWTH TRANSACTION CONSTITUTES "SUPERIOR PROPOSAL" AS PER APRIL 19 AGREEMENT BETWEEN CO, WEEDMD
* HIKU BRANDS - WEEDMD AGREEMENT HAS BEEN TERMINATED AND CO HAS PAID A TERMINATION FEE OF C$10 MILLION TO WEEDMD PURSUANT THE TERMS OF THE WEEDMD AGREEMENT