Saturday, May 31, 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.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Hexo’s Burwash Resigns As CFO, MacDonald Named To Role On “Acting” Basis

Hexo Corp (TSX: HEXO) (NYSE: HEXO) this evening announced that Trent MacDonald as been named...

Friday, October 9, 2020, 04:56:08 PM

Hexo Corp Falls Out Of Listing Compliance With Nasdaq, Has 180 Days To Correct Issue

As was expected by many followers of the Canadian cannabis space, it appears that Hexo...

Monday, January 31, 2022, 08:05:59 AM

Will The Medipharm Labs Statement Of Claim Cause Further Issue For Hexo Corp?

It’s been revealed today by that of BNN Bloomberg that Medipharm Labs’ (TSX: LABS) statement...

Monday, January 27, 2020, 08:30:12 PM

Hexo Reports Earnings of $14.4 Million, Net Loss of $62.4 Million

Hexo Corp (TSX: HEXO) (NYSE: HEXO) reported its first quarter 2020 financials this morning for...

Monday, December 16, 2019, 08:16:14 AM

Black Thursday in The Cannabis Sector

It was a black day for the cannabis sector today after numerous firms reported declining...

Thursday, November 14, 2019, 07:26:33 PM