Hexo prices share offering to raise $140M for acquisition, US expansion

MJBizDaily
By Solomon IsraelAug 20, 2021, 2:53 pm609 ptsTop
Canadian cannabis grower Hexo Corp. priced a public offering to raise $140 million. The offering follows a shelf prospectus supplement that Hexo filed May 25. Proceeds from the share offering will be used to pay part of the cash component of Hexo’s acquisition of Canadian competitor Redecan as well as “for…

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