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HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement
HEXO Corp. (“HEXO”) (TSX: HEXO; NYSE: HEXO) and Zenabis Global Inc. (“Zenabis”) (TSX: ZENA) are pleased to announce that they have completed the previously announced arrangement (the “Arrangement”), pursuant to which HEXO has acquired all of the issued and outstanding common shares of Zenabis (“Zenabis Shares”) by way of a plan of arrangement under the Business Corporations Act (British Columbia).
“Today is another great day for HEXO,” said HEXO CEO and co-founder Sebastien St-Louis. “With 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.” ....

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