GREY:NEPTF - Post by User
Post by
Johnny1aon Jul 09, 2021 3:45pm
179 Views
Post# 33522438
Good news
Good news 43 minutes ago by PR Newswire
USA News Group - As part of its recent cannabis M&A spree, HEXO Corp. (NYSE: HEXO) (TSX: HEXO) spent nearly another billion dollars, acquiring Canada's largest privately-owned licensed cannabis producer Redecan for C$925 million. By adding Redecan, HEXO continues to grow its large portfolio of brands and production operations, as well as new cannabis 2.0 extraction-based products. Because of the size of the deal, the potential values of other Canadian cannabis brands, producers and extractors could be on the rise as additional M&A activity begins to swell in the leadup to potential legalization in the USA. Other Canadian companies that have been positioning themselves in this field include Pure Extracts Technologies Corp. (OTC: PRXTF) (CSE: PULL) (XFRA: A2QJAJ), The Valens Company (OTC: VLNCF) (TSX: VLNS), Medipharm Labs Corp. (TSX: LABS) (OTC: MEDIF) and Neptune Wellness Solutions Inc.(NASDAQ: NEPT) (TSX: NEPT