HEXO Announced Receipt of Final Order for Arrangement With Tilray Brands
Portfolio Pulse from Charles Gross
HEXO Corp. has received the final order from the Ontario Superior Court of Justice for its arrangement with Tilray Brands, Inc. Under the arrangement, Tilray will acquire all issued and outstanding common shares and non-voting Series 1 Preferred Shares of HEXO. The deal is expected to be completed in the coming days.
June 19, 2023 | 8:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HEXO Corp. has received the final order for its arrangement with Tilray Brands, which will result in Tilray acquiring all of HEXO's common and non-voting Series 1 Preferred Shares.
The final order for the arrangement between HEXO and Tilray is a positive development for HEXO, as it indicates the deal is moving forward and is expected to be completed soon. This acquisition could potentially increase HEXO's market presence and value, leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tilray Brands is set to acquire all issued and outstanding common shares and non-voting Series 1 Preferred Shares of HEXO Corp., following the receipt of the final order for the arrangement.
The acquisition of HEXO's common and non-voting Series 1 Preferred Shares by Tilray Brands is a positive development for Tilray, as it could potentially expand its market presence and increase its value. The receipt of the final order for the arrangement indicates that the deal is moving forward and is expected to be completed soon, which could have a positive short-term impact on Tilray's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100