Hexo Corp. is buying rival cannabis producer Zenabis Global Inc. in a $235 million all-stock deal that will position the Ottawa-based company as one of the biggest Canadian pot firms by sales.
The deal will give Hexo a significant boost in cultivation capacity, adding 111,000 kilograms of cannabis production to its operations, while securing a footprint in the nascent European medical market.
It is also 2021âs first major M&A deal in the pot sector, coming a couple of months after Aphria Inc. and Tilray Inc. announced plans to merge. Analysts expect more consolidation to take place in the Canadian cannabis sector this year as struggling companies are could be snapped up to stem mounting losses.
Hexo to acquire Zenabis in $235-million deal, gain European pot market foothold - Business News
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Hexo to acquire Zenabis in $235M deal, gain European pot market foothold
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Cannabis Isolates Cross Over to Pharmaceutical-Grade Products Are More Prevalent Than Ever
Financialnewsmedia.com News Commentary
PALM BEACH, Fla., Jan. 26, 2021 /PRNewswire/ In the recent years the use of CBD products have grown exponentially. They have become an everyday item in most people lives. In drug and food stores, you see CBD infused items next to the candy section and infused gummy bears in the vitamin sections. The consumer demand for CBD products and their results is only going to continue to grow. The public is now also starting to enter the next learning stage where they will discover that not all CBD products are the same. Basically there are two forms: Full-Spectrum CBD and Isolate CBD. Both Full-Spectrum CBD and CBD isolate are extracts from the cannabis plant, but even though they come from the same plant, there are still differences. Full-spectrum CBD products contain small amounts of other cannabinoids, like THC, as well as flavonoids and terpenes and ca