HEXO Corp (HEXO) to acquire 48North Cannabis Corp.

Go back to HEXO Corp (HEXO) to acquire 48North Cannabis Corp.

HEXO Corp to acquire 48North Cannabis Corp.

May 17, 2021 6:30 AM EDT

OTTAWA and TORONTO, May 17, 2021 (GLOBE NEWSWIRE) -- HEXO Corp. ("HEXO") (TSX: HEXO; NYSE: HEXO) and 48North Cannabis Corp ("48North") (TSX-V: NRTH) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") under which HEXO will acquire, by way of court-approved plan of arrangement under the Canada Business Corporations Act, all of 48Norths issued and outstanding common shares in an all-share transaction valued at approximately $50 million on an enterprise value basis (the "Transaction").

... More