HEXO Acquiring 48North Cannabis in CA$50 Million Deal
By Olachi in Business
Updated 3 years ago
Canada's HEXO (NYSE:HEXO) is again going the acquisition route to bulk up its business. The company has signed an agreement to purchase fellow Ontario-based peer 48North Cannabis (OTC:NCNNF) in an all-stock deal valued at around 50 million Canadian dollars ($41 million) in enterprise value. Under the terms of the arrangement,...