The companies believe the deal will help Ottawa-based cannabis producer access the European medical cannabis market through Zenabis' partnerships.
Hexo co-founders Adam Miron and Sébastien St-Louis, along with writer Julie Beun, reflect on their journey creating the local licensed cannabis producer.
Ottawa firm posted net revenues of $29.5 million for the three-month period ending Oct. 31, up from $14.5 million in the first quarter of 2020.
New video promo says facility has been “engineered to manufacture advanced cannabis products” – including beverages that contain THC, the active ingredient in cannabis that helps produce a high.
The firm said Monday it has amended the offer to one post-consolidation share for every four shares held.
Pot producer says plan aimed at avoiding a delisting of its shares from the NYSE is in the best interests of the company and its shareholders.
Increasingly crowded marketplace also includes beverages from Canopy Growth and other producers.
Gatineau firm determined there was an excess of cultivation capacity in the market.
A month into his “retirement" from the cannabis industry, Adam Miron was back on the front lines of another business sector that’s gradually finding its feet in Canada: cryptocurrency.
Gatineau cannabis producer received warning from NYSE about low stock price.