Cannabis Co. Hexo To Buy Producer Redecan For CA$925M
Law360 (May 28, 2021, 5:39 PM EDT) -- Hexo Corp. said Friday it is acquiring Ontario-based Redecan — Canada's largest privately owned licensed cannabis producer — for CA$925 million ($765.8 million) in a deal steered by Norton Rose Fulbright Canada LLP, DLA Piper LLP and Bennett Jones LLP.
Under the terms of the agreement, the purchase price includes CA$400 million in cash and CA$525 million in the issuance of Hexo common shares at a CA$7.53 price per share, which represents the five-trading-day-period volume-weighted average price of company shares on the Toronto Stock Exchange at the close of Canadian markets Thursday.
Hexo CEO and co-founder Sebastien St-Louis said in a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!