Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market

MJBizDaily
By Matt LamersFeb 16, 2021, 2:47 pm130 pts
Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver, British Columbia-based Zenabis would give Hexo a toehold…

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