HEXO Corp. (HEXO) announces acquisition of Redecan for $925 million
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HEXO Corp announces acquisition of Redecan to create Canadian market leader in adult-use sales
May 28, 2021 6:30 AM EDTCombined company would hold number one market-share in Canadian recreational cannabis and hold number one positions in four of Canadas largest markets: Alberta, British Columbia, Quebec and Ontario.1Equips HEXO with one of the most robust brand portfolios in Canada: the combined company will be a leader across key consumer product categories, with established distribution channels throughout the country.Redecans lean production capabilities are expected to drive improved future financial performance and enhance potential to generate cash flow.Combined strengths should provide a platform for global growth, leveraging HEXOs... More
