Dec 1 (Reuters) - Canopy Growth Corp CGC.TO :
* Canopy Growth enters into agreement to acquire Mettrum
* Mettrum shareholders to receive 0.7132 common shares of canopy growth for each common share of Mettrum
* Canopy Growth Corp - transaction is valued at approximately C$430 million
* Canopy Growth Corp - total transaction will be satisfied by issuance of common shares in canopy growth
* Canopy Growth - existing canopy growth and Mettrum shareholders are expected to own approximately 77.7% and 22.3%, respectively, of pro forma company
* Canopy Growth Corp - deal for C$8.42 per Mettrum common share
* Each executive officer, director of Mettrum have entered into voting support agreements in favor of arrangement
* Says board of directors of both Canopy Growth and Mettrum, have unanimously approved transaction
* Canopy Growth Corp - Mettrum will become a wholly-owned subsidiary of canopy growth
* Canopy Growth - each of executive officers, directors of Mettrum, holding about 15% of Mettrum shares entered voting support agreements in favor of deal
* Termination fee set at C$10 million
* Mettrum will continue to lead site activities with Health Canada
* Canopy Growth Corp - senior officers and directors of canopy growth have also entered into voting support agreements in favour of deal Source text for Eikon: ID:nCNWn8865a Further company coverage: CGC.TO