Hexo Corp.'s Shareholders Approve Acquisition By Way Of Arrangement With Tilray Brands, Inc.; Common Shareholders Will Receive 0.4352 Of A Share Of Tilray Common Stock; Arrangement Will Be Completed By June 30, 2023
Portfolio Pulse from Benzinga Newsdesk
HEXO Corp.'s shareholders have approved the acquisition by Tilray Brands, Inc. via a court-approved plan of arrangement. Common shareholders will receive 0.4352 of a Tilray share for each HEXO share held. The arrangement is expected to be completed by June 30, 2023.
June 14, 2023 | 4:19 pm
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POSITIVE IMPACT
HEXO shareholders approved the acquisition by Tilray Brands, with common shareholders receiving 0.4352 of a Tilray share for each HEXO share held.
The approval of the acquisition by HEXO shareholders is a positive development for the company, as it will likely lead to increased resources and market share. This could result in a short-term increase in HEXO's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands will acquire HEXO Corp. via a court-approved plan of arrangement, with HEXO common shareholders receiving 0.4352 of a Tilray share for each HEXO share held.
The acquisition of HEXO Corp. by Tilray Brands is a positive development for Tilray, as it will likely lead to increased resources and market share. This could result in a short-term increase in Tilray's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100