Hexo to streamline operations by closing Belleville facility, affecting 230 employees
Hexo says the Truss Beverage operations – a joint venture with Molson Coors Canada – are not affected by this change and will continue to
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Tilray
Cannabis company Tilray Brands signs definitive agreement in Hexo deal
Cannabis company Tilray Brands Inc. has signed a definitive agreement in its proposed plan with rival Hexo Corp. first announced last month.
Cannabis company Hexo hit by one-time charges, reports $690.3M net loss
Hexo Corp. reported a net loss of $690.3 million as it recorded $616 million in one-time impairment charges in its latest quarter as it worked
Cannabis company Tilray Brands strikes deal to buy stake in Hexo, create joint venture
Under the agreement announced Thursday, Leamington-based Tilray will acquire up to US$211 million of senior secured convertible notes that were issued by Gatineau-based Hexo.
Experts predict more cannabis layoffs and executive departures coming this year
Industry watchers say this week’s rash of cannabis company layoffs and executive departures is likely to continue
Five Canadian business stories to watch this week
Tilray update Tilray Inc. will release its first-quarter results on Tuesday. The Nanaimo, B.C.-based company’s CEO recently identified the U.S. and Europe as the focus
Five Canadian business stories to watch this week
Budget day Finance Minister Bill Morneau tables the 2019 federal budget and delivers his budget speech on Tuesday. Morneau has hinted that the budget will
Ottawa hemp firm LiveWell signs supply deal with BC’s Tilray
A local hemp and CBD company will supply its cannabinoid-based products to one of Canada’s major pot producers. LiveWell Canada (CSE:LVWL) announced Friday it has
Attention from U.S. analyst drives Canopy Growth shares up 25%
Shares of Canopy Growth shot up Wednesday and Thursday on news that a major Wall Street bank is bullish on the licensed cannabis producer. American
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