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Canadian cannabis company Hexo unveils its third and biggest deal of the year so far
MarketWatch
1 hr ago
CANNABIS WATCH
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Canadian cannabis company Hexo Corp. announced its third and biggest deal of the year so far on Friday with news that it is acquiring privately held Redecan for C$925 million ($764.7 million) in cash and stock.
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Gatineau, Quebec-based Hexo said the deal will propel it to leader in the Canadian adult-use cannabis market and give it number one position in Canada’s four biggest markets, Alberta, British Columbia, Quebec and Ontario.
“The Canadian adult-use industry continues to evolve at a rapid pace, and we are at the forefront of that change,” Hexo Chief Executive and co-Founder Sebastien St-Louis said in a statement. ....

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