Hexo Set to Gain Ontario Retail Stake with Newstrike Acquisition
March 13, 2019
Bryan Mc Govern - March 13th, 2019
Consolidation continues in the marijuana public space as Hexo (NYSE-A:HEXO,TSX:HEXO) buys fellow licensed producer (LP) Newstrike Brands (TSXV:HIP,OTC Pink:NWKRF).
On Wednesday (March 13), the two firms confirmed the acquisition plan, with an overall transaction valued at C$263 million, a figure slightly below Newstrike’s market capitalization of C$275.9 million.
Read the full article from investingnews.com.