Monday, August 4, 2025

Latest

Zenabis Sees Shareholders, Courts Approve Hexo Arrangement

Zenabis Global (TSX: ZENA) is near the finish line for its merger arrangement with that of Hexo Corp (TSX: HEXO) (NYSE: HEXO). The company last night formally announced that it has obtained a final court order from the Supreme Court of British Columbia approving the transaction.

Yesterday evening’s announcement comes on the heals of an approval being received by the firms shareholders on May 13 at a special meeting of shareholders. With the major hurdles passed, the company is now just working through customary closing conditions, including final approval of the transaction from the TSX.

The transaction is expected to close June 1, 2021 as a result.

The transaction will see Zenabis shareholders receive 0.01772 shares of Hexo for every share of Zenabis held. The exchange ratio currently implies a value of $0.14 per Zenabis share as of yesterday’s closing prices.

Zenabis Global last traded at $0.125 on the TSX.


Information for this briefing was found via Sedar and Zenabis Global. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Hexo To Be Acquired By Tilray For US$56.0 Million

It appears that Sebastian St-Louis’s “billion dollar start-up” has finally been sold. Hexo Corp (TSX:...

Monday, April 10, 2023, 05:26:52 PM

Medipharm Labs Scrambles To Instill Investor Confidence

Medipharm Labs (TSX: LABS) appears to be scrambling to quell investor fears, releasing an update...

Thursday, January 30, 2020, 08:29:16 AM

Zenabis Global Converts Debt Below All Time Low At $0.04794 Per Share

Conversion prices for Zenabis Global (TSX: ZENA) debt just keeps getting lower. The company issued...

Saturday, October 31, 2020, 12:40:19 PM

Hexo Corp Announces Prospectus Expiration, Elects To Not Refile

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this morning attempted to flex its muscles when it...

Tuesday, December 22, 2020, 07:30:08 AM

Molson Coors Exits Cannabis Business With Divesture Of Truss Beverage Co To Tilray Brands

It appears that Molson Coors (NYSE: TAP) no longer wishes to be associated with cannabis...

Friday, August 18, 2023, 08:38:30 AM