HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement
HEXO Corp. (âHEXOâ) (TSX: HEXO; NYSE: HEXO) and Zenabis Global Inc. (âZenabisâ) (TSX: ZENA) are pleased to announce that they have completed the previously announced arrangement (the âArrangementâ), pursuant to which HEXO has acquired all of the issued and outstanding common shares of Zenabis (âZenabis Sharesâ) by way of a plan of arrangement under the Business Corporations Act (British Columbia).
âToday is another great day for HEXO,â said HEXO CEO and co-founder Sebastien St-Louis. âWith the acquisition of Zenabis, we are actively positioning HEXO for future expansion in Canada, Europe and beyond. This deal will strengthen our domestic brands, offer a foothold in Europe and provide significant accretive synergies as we continue towards our goal of becoming EPS positive and a top-three global cannabis products company.â
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Toronto, Ontario (Newsfile Corp. - February 17, 2021) - BB1 Acquisition Corp. (TSXV: BBA.P) (the Company or BB1 ) and Cerrado Gold Inc. ( Cerrado ) are pleased to announce that the Company and Cerrado have completed the brokered private placement of subscription receipts ( Subscription Receipts ) led by Cormark Securities Inc. and Haywood Securities Inc. as the co-lead agents (the Co-Lead Agents ), and including Stifel Nicolaus Canada Inc. and H.C. Wainwright & Co., LLC (together with the Co-Lead Agents, the Agents ) for aggregate gross proceeds of $15,000,120 (the Financing ). The Financing was completed in connection with the proposed business combination (the Transaction ) between Cerrado and BB1 previously announced in press releases of BB1 dated August 4, 2020, December 2, 2020 and February 16, 2021, which Transaction is intended to constitute BB1 s Qualifying Transaction pursuant to Policy 2.4 of the TSX Venture Exchange