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Ottawa, Ontario and Toronto, Ontario–(Newsfile Corp. – May 17, 2021) – HEXO Corp. (“HEXO”) (TSX: HEXO) (NYSE: HEXO) and 48North Cannabis Corp (“48North”) (TSXV: NRTH) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under which HEXO will acquire, by way of court-approved plan of arrangement under the
Canada Business Corporations Act, all of 48North’s issued and outstanding common shares in an all-share transaction valued at approximately $50 million on an enterprise value basis (the “Transaction”).
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