HEXO has entered into a merger agreement with Redecan, which manufactures cannabis products in Canada. Redecan shareholders will receive $525 million in new HEXO stock and $400 million in cash. As a result, they will own 31% of the combined company. The deal is scheduled to close in Q3 2021.
HEXO has entered into a merger agreement with Redecan, which manufactures cannabis products in Canada. Redecan shareholders will receive $525 million in new HEXO stock and $400 million in cash. As a result, they will own 31% of the combined company. The deal is scheduled to close in Q3 2021. 
globenewswire.com
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