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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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"New" Tilray has big global footprint | London Free Press


Tilray and Aphria combo to be big on global stage
FILE: Irwin Simon is pictured among rows of cannabis plants at Aphria Inc., in Leamington, Ont. on Oct. 25, 2019. / Photo by Dax Melmer /Windsor Star
It’s a done deal for the merging of Tilray, Inc. and Aphria Inc., two Canadian cannabis giants, said to create a weed-focused company with the largest global geographic footprint in the industry.
First announced in December, the business combination means the new company operating as Tilray had a market cap of about US$8.2 billion ($10.1 billion) based on the closing stock prices on Apr. 30.
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"New" Tilray has big global footprint | Regina Leader Post


Tilray and Aphria combo to be big on global stage
FILE: Irwin Simon is pictured among rows of cannabis plants at Aphria Inc., in Leamington, Ont. on Oct. 25, 2019. / Photo by Dax Melmer /Windsor Star
It’s a done deal for the merging of Tilray, Inc. and Aphria Inc., two Canadian cannabis giants, said to create a weed-focused company with the largest global geographic footprint in the industry.
First announced in December, the business combination means the new company operating as Tilray had a market cap of about US$8.2 billion ($10.1 billion) based on the closing stock prices on Apr. 30.
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Article content ....

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