Hexo Corp - HEXO

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canis
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Re: Hexo Corp - HEXO

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HEXO Corp. to acquire Zenabis Global Inc.


OTTAWA and VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- HEXO Corp. ("HEXO") (TSX: HEXO; NYSE: HEXO) and Zenabis Global Inc. ("Zenabis") (TSX: ZENA) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") under which HEXO will acquire, by way of court-approved plan of arrangement under the Business Corporations Act (British Columbia), all of Zenabis’ issued and outstanding common shares in an all-share transaction valued at approximately $235 million (the "Transaction"). Under the terms of the Arrangement Agreement, Zenabis shareholders will receive 0.01772 of a HEXO common share in exchange for each Zenabis common share held (the “Exchange Ratio”). The Exchange Ratio implies a premium per Zenabis common share of approximately 19% based on the 20-day volume-weighted average price ("VWAP") of Zenabis common shares on TSX and HEXO common shares on TSX as of February 12, 2021. Warrants and incentive securities of Zenabis will be adjusted in accordance with their terms to ultimately become exercisable to receive common shares of HEXO based on the share exchange ratio.

The Transaction was unanimously approved by the board of directors of each of HEXO and Zenabis (in the case of Zenabis’ board of directors, after receiving the unanimous recommendation of a special committee formed for purposes of the Transaction), and Zenabis’ board of directors unanimously recommends that its shareholders vote in favour of the Transaction.

Transaction Highlights

Strengthened domestic brands: Based on HEXO’s and Zenabis’ most recent interim quarterly financial statements and results, and those of the other top licensed producers in Canada, the combined organization would be a top three licensed producer in terms of combined Canadian recreational cannabis sales.


Foothold in Europe: The Transaction gives HEXO immediate access to the European medical cannabis market through Zenabis’ local partner, with an established facility in the European Union supplying pharmaceutical products to the European market. The facility also serves as a European Union Good Manufacturing Practice packaging and distribution centre for medical cannabis products produced in Zenabis' Atholville Facility.


Accretive synergies: HEXO estimates that the combined entity may realize annual synergies of approximately $20 million within one year of close, through cost of goods reductions, additional capacity utilization in HEXO’s Belleville Centre of Excellence and selling, general and administrative savings, which, if realized, should allow HEXO to continue its path towards positive earnings.


Capacity boost with state-of-the-art cultivation infrastructure: The proposed Transaction would give HEXO access to licensed capacity to produce approximately 111,200 kg of additional high-quality cannabis annually. The Transaction would result in HEXO acquiring two indoor facilities (approximately 635,000 sq. ft.) and access to a 2.1 million sq. ft. greenhouse facility, totalling approximately 2.735 million sq. ft. of near-term cultivation space offering diversified growing and production techniques. This provides a platform for growth and foundation from which to strengthen and diversify our portfolio of brands.

“We're thrilled to welcome the Zenabis team into the HEXO family. Zenabis has built solid relationships and they share HEXO’s vision of bringing exceptional branded cannabis experiences to adults everywhere, in Canada and abroad” said Sebastien St-Louis, CEO and co-founder of HEXO Corp. “We are proceeding with this transaction because we believe it should be accretive for our shareholders, and it also positions HEXO for accelerated domestic and international growth while supporting near-term requirements for additional licensed capacity. HEXO’s growth strategy includes expanding our global presence, and this acquisition is an important step in that direction.”


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Munnybunny
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Re: Hexo Corp - HEXO

Bericht door Munnybunny »

🔥🔥🔥
HEXO Corp. (HEXO) to acquire Zenabis Global Inc.

HEXO Corp. (NYSE: HEXO) and Zenabis Global Inc. (TSX: ZENA) are pleased to announce that they have entered into a definitive arrangement agreement under which HEXO will acquire, by way of court-approved plan of arrangement under the Business Corporations Act (British Columbia), all of Zenabis’ issued and outstanding common shares in an all-share transaction valued at approximately $235 million (the "Transaction"). Under the terms of the Arrangement Agreement, Zenabis shareholders will receive 0.01772 of a HEXO common share in exchange for each Zenabis common share held (the “Exchange Ratio”). The Exchange Ratio implies a premium per Zenabis common share of approximately 19% based on the 20-day volume-weighted average price ("VWAP") of Zenabis common shares on TSX and HEXO common shares on TSX as of February 12, 2021. Warrants and incentive securities of Zenabis will be adjusted in accordance with their terms to ultimately become exercisable to receive common shares of HEXO based on the share exchange ratio.

The Transaction was unanimously approved by the board of directors of each of HEXO and Zenabis (in the case of Zenabis’ board of directors, after receiving the unanimous recommendation of a special committee formed for purposes of the Transaction), and Zenabis’ board of directors unanimously recommends that its shareholders vote in favour of the Transaction.
neku liked last!

loebas73
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Re: Hexo Corp - HEXO

Bericht door loebas73 »

OTTAWA, March 03, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) plans to release its financial results for the fiscal second quarter 2021, before market hours on March 18, 2021, as well as host a webcast for investors beginning at 8:30 a.m. EST.

Webcast Details
Date: March 18, 2021
Time: 8:30 a.m. EST
Webcast: https://event.on24.com/wcc/r/2948058/C2 ... 0768E4F4B2

loebas73
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Re: Hexo Corp - HEXO

Bericht door loebas73 »

Overmorgen resultaten...

Why HEXO Corp (HEXO) Might Surprise This Earnings Season
Zacks Equity Research
March 16, 2021, 3:57 pm
Investors are always looking for stocks that are poised to beat at earnings season and HEXO Corp. HEXO may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because HEXO Corp is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for HEXO in this report.

In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of a loss of 3 cents per share. This suggests that analysts have very recently bumped up their estimates for HEXO, giving the stock a Zacks Earnings ESP of +10.71% heading into earnings season.

azeno
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Re: Hexo Corp - HEXO

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GlobeNewswire
HEXO Corp kondigt een positieve aangepaste EBITDA aan en een stijging van 94% van de netto-omzet ten opzichte van vorig jaar

Schaakfanaat
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Re: Hexo Corp - HEXO

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OTTAWA, April 28, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that its flagship Masson-Angers cultivation campus has received its Control Union Medical Cannabis Standard GACP (“CUMCS-GACP”) certification, the leading certification standard for medical cannabis cultivation.

“Receiving the CUMCS-GACP certification is a testament to the team’s attention to detail and commitment to producing high-quality, consistent cannabis products to serve the global cannabis industry,” said Sebastien St-Louis, HEXO CEO and co-founder. “As we continue to go after additional market share in Canada, and to penetrate new markets around the world, this certification demonstrates that we continue to offer high-quality output our current and future CPG partners can count on.”

The CUMCS-GACP certification represents a standard of quality and consistency for cannabis propagation, cultivation and post-harvest processes and is compliant with both the World Health Organization and European Medicines Agency Good Agricultural and Collection Practice guidelines.

Het aandeel steeg gisteren meer dan 10% op dit nieuws.

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KraFtaVerK
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Re: Hexo Corp - HEXO

Bericht door KraFtaVerK »

Zonder wrijving geen glans.

And yet it takes only the smallest pleasure or pain to teach us time’s malleability.

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KraFtaVerK
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Re: Hexo Corp - HEXO

Bericht door KraFtaVerK »

Ga hier terug positie opbouwen. Eerste kleine plukje vandaag gekocht.
Zonder wrijving geen glans.

And yet it takes only the smallest pleasure or pain to teach us time’s malleability.









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