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Hexo Completes $925M Redecan Acquisition On Its ‘Path Towards Positive EPS’

Hexo Completes $925M Redecan Acquisition On Its 'Path Towards Positive EPS'

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HEXO Corp (TSX:HEXO) (NASDAQ:HEXO) announced Monday the completion of the previously announced $925 million acquisition of Redecan, Canada’s largest privately-owned licensed producer. At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain customary closing adjustments) and delivered 69.7 million newly issued common shares of HEXO.

...read full article on Benzinga

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