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Cannabis producer HEXO to buy privately held Redecan in deal worth $925 million


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Cannabis producer HEXO Corp. is acquiring Redecan, Canada’s largest privately-owned licensed cannabis producer with a hefty portfolio of brands, in a $925 million cash-and-share deal.
The proposed transaction is intended to create a more competitive platform in Canada that is positioned for further expansion into the United States, said Sebastien St-Louis, chief executive and co-founder of publicly traded HEXO.
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Cannabis producer HEXO to buy privately held Redecan in deal worth $925 million Back to video
It would combine Ottawa-based HEXO, a dominant player in Quebec, with a product-dominant player in some of the largest markets in other parts of the country including British Columbia, Alberta and Ontario, St-Louis said in an interview. ....

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Canadian cannabis company Hexo unveils its third and biggest deal of the year so far


Canadian cannabis company Hexo unveils its third and biggest deal of the year so far
MarketWatch
1 hr ago
CANNABIS WATCH
© robyn beck/Agence France-Presse/Getty Images
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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Hexo to buy Redecan for $925 million


Winnipeg Free Press
By: Tara Deschamps, The Canadian Press
Posted:
Last Modified: 9:56 AM CDT Friday, May. 28, 2021
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Hexo Corp. will buy cannabis producer Redecan in a $925-million deal as the pot company continues its hunt for market share.
Cannabis plants are seen during a tour of a Hexo Corp. production facility, Thursday, October 11, 2018 in Masson Angers, Que. Hexo Corp. will buy cannabis producer Redecan in a $925 million deal comprised of cash and shares. THE CANADIAN PRESS/Adrian Wyld
Hexo Corp. will buy cannabis producer Redecan in a $925-million deal as the pot company continues its hunt for market share. ....

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