Ottawa-Based HEXO Corp. to Acquire 48North Cannabis in $50 Million Deal

Article by Angela Stelmakowich, Growth Op

Share on Facebook Share on Twitter Open more share options Breadcrumb Trail Links News Legalization Experts Business Ottawa-based HEXO Corp. to acquire 48North Cannabis in $50 million deal All-share transaction paves the way for HEXO to become among biggest recreational players in Canada. Author of the article: Angela Stelmakowich FILE: An attendee pictured at the Hexo Corp. booth during the Montreal Cannabis Expo on Oct. 26, 2018. / PHOTO BY CHRISTINNE MUSCHI/BLOOMBERG

HEXO Corp., a consumer packaged goods (CPG) cannabis company, is looking to cement a top-two position in the Canadian recreational weed space by acquiring all shares of 48North Cannabis Corp. for $50 million.

The companies announced today that they have reached a definitive agreement in which HEXO will acquire all of 48North’s issued and outstanding common shares in an all-share transaction.

Read the full article here.

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