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ElectraMeccanica Announces Filing and Mailing of the Joint Proxy Statement/Management Information Circular in Connection with its Special Meeting of Shareholders to Approve the Proposed Combination with Xos

Your vote is important no matter how many votes you hold. The Board of Directors of ElectraMeccanica recommends that Shareholders vote IN FAVOR of the Electr

Electrameccanica (SOLO) Announces Filing and Mailing of the Joint Proxy Statement for Special Meeting to Approve the Proposed Merger with Xos (XOS)

Xos, Inc (XOS) Appoints Stuart Bernstein to its Board

Hexo Inks $925M Deal to Acquire Redecan; Shares Jump 10%

Hexo Corp. (HEXO) to snap up Redecan, a privately held Canadian cannabis company, for $925 million in a cash and stock deal. The deal will help Hexo in becoming the number one market player in the Canadian recreational cannabis market. Shares jumped almost 10% to close at $7.18 on May 28. Hexo engages in the manufacture, production, and distribution of medicinal marijuana. Per the terms of the agreement, Redecan shareholders will receive $400 million in cash and $525 million in the form of Hexo common stock at an implied price of $7.53 per share. (See Hexo stock analysis on TipRanks) The $7.53 price represents the five-day VWAP (volume-weighted average price) of HEXO common shares on the Toronto Stock Exchange as of the close of Canadian markets on May 27, the company said. The deal, which has been approved by Hexo’s Board, is expected to close in Q3 2021, subject to certain conditions and approvals. Upon closure of the deal, it is expected that Redecan shareholders will hold ar