Hexo to enter Europe with $265M Zenabis acquisition

Mugglehead
By Jared GnamFeb 16, 2021, 5:32 pm253 pts
Hexo Corp. (TSX: HEXO) (NYSE: HEXO) is buying rival Zenabis Global Inc. (TSX: ZENA) in a $235 million all-stock deal that will boost the firm to the top-three position in Canadian cannabis sales. Ottawa-based Hexo said Tuesday the acquisition gives it an additional 111,000 kilograms of domestic pot production…

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