HEXO Acquisitions Valued at $1.2 BillionThat is the "value" of the three aquistions made by HEXO Corp for the following
- Zenabis Global
- 48 North
- Redecan
The deals were most done through the exchange of shares with the "value" being determined at the time of the transactions based on the shareprice AT THE TIME THE DEALS WERE MADE. For example. The shareprice used on the Redecan deal was $7.53 CDN.
Actual total cash used in closing the deals was apx $425 Million.
These deals have now been reported in HEXO financials as expenses, as they would be regardless of where our share price is trading today.
Hope that clarifies a few things. If you have questions I would suggest going through the QTR reports and Press Releases for Each of the deals. The press releases are available on the HEXO Corp Homepage but also noted in the Research Links Post I provided earlier today,
Best Regards,
Q
- Long on HEXO