This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 2, 2022 to its short form base shelf prospectus dated May 7, 2021 and amended and restated on May 25, 2021. GATINEAU, Québec, July 05, 2022 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) is pleased to announce that at its reconvened special meeting of shareholders held today (the "Meeting"), holders ("Shareholders") of common shares of HEX
Key Takeaways; Cannabis Sector Greenlane provided an update on its strategy to generate more than $30 million in improved liquidity by year-end, as a result its stock price surged over 29%. iAnthus announced closing of recapitalization transaction, raising $25 million additional financing. Sundial Growers entered into a bid agreement for Zenabis Global’s assets. Key Takeaways; […] The post Weekly Roundup on the Cannabis Sector & Psychedelic Sector appeared first on Market Exclusive.
Hexo Corp. said Friday its Zenabis Global Inc. cannabis cultivation unit has filed a petition with the Superior Court of Québec for protection under the Companies' Creditors Arrangement Act (CCAA) to restructure its business. Ernst & Young Inc. has been appointed as monitor to oversee the CCAA process. Hexo said the CCAA petition is limited to the Zenabis Group only and not for any of its other subsidiaries or parent company. Earlier this week Hexo said in a filing it'll reduce its workforce by