Cannabis Company
HEXO Corporation(TSX: HEXO ,
OTCQB: HYYDF,
Forum) announced on Wednesday that it will acquire licensed cannabis producer
Newstrike Brands Ltd. (
TSX: V.HIP,
OTCQB: NWKRF,
Forum) in an all-share transaction valued at approximately $263 million.
For a detailed rundown on the transaction highlights, click
here.
HEXO was also in the news this weekwhen it became the first cannabis company to join Food & Consumer Products of Canada, the largest voice of the Canadian food, beverage and consumer products industry.
FULL DISCLOSURE: HEXO Corp. and Newstrike Brands Ltd. are clients of Stockhouse Publishing.