HEXO Reports Completion Of Acquisition By Way Of Arrangement With Tilray Brands
Portfolio Pulse from Benzinga Newsdesk
HEXO has completed its acquisition by Tilray Brands and has submitted a voluntary delisting application to the Toronto Stock Exchange and the Nasdaq Stock Market. The company expects its common shares to be delisted from the TSX and the Nasdaq shortly.
June 22, 2023 | 9:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tilray Brands has completed its acquisition of HEXO, which has submitted a voluntary delisting application to the TSX and the Nasdaq.
The completion of the acquisition of HEXO by Tilray Brands is likely to have a positive short-term impact on Tilray's stock price, as it expands the company's market presence and product offerings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HEXO has completed its acquisition by Tilray Brands and expects its common shares to be delisted from the TSX and the Nasdaq shortly.
The completion of the acquisition by Tilray Brands and the expected delisting of HEXO's common shares from the TSX and the Nasdaq will likely have a negative short-term impact on HEXO's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100