Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market

MJ DAILY EUROPE

Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver, British Columbia-based Zenabis would give Hexo a toehold in Europe’s medical marijuana market. Zenabis shareholders will receive 0.01772 of a Hexo share […] Hexo strikes deal to acquire Zenabis for CA$235M, eyes European cannabis market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Source : Hexo strikes deal to acquire Zenabis for CA5M, eyes European cannabis market

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