VerticalScope Holdings Inc. ("VerticalScope" or the "Company") announced today that it has filed with the securities regulatory authorities in each of the provinces and territories in Canada, and obtained a receipt for, an amended and restated preliminary base PREP prospectus (the "Amended and Restated Preliminary Prospectus"), which amends and restates the preliminary base PREP prospectus filed by the Company on May 26, 2021 in connection with its initial public offering of subordinate voting shares (the "Offering"). The gross proceeds of the Offering are expected to be approximately $100 million at an offering price between $19.00 and $23.00 per subordinate voting share.
Combined company would hold number one market-share in Canadian recreational cannabis and hold number one positions in four of Canada’s largest markets:.
HEXO Corp (HEXO) announces acquisition of Redecan for $925 million streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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Cannabis producer HEXO Corp. is acquiring Redecan, Canada’s largest privately-owned licensed cannabis producer with a hefty portfolio of brands, in a $925 million cash-and-share deal.
The proposed transaction is intended to create a more competitive platform in Canada that is positioned for further expansion into the United States, said Sebastien St-Louis, chief executive and co-founder of publicly traded HEXO.
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It would combine Ottawa-based HEXO, a dominant player in Quebec, with a product-dominant player in some of the largest markets in other parts of the country including British Columbia, Alberta and Ontario, St-Louis said in an interview.
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Ottawa, Ontario and Toronto, Ontario–(Newsfile Corp. – May 17, 2021) – HEXO Corp. (“HEXO”) (TSX: HEXO) (NYSE: HEXO) and 48North Cannabis Corp (“48North”) (TSXV: NRTH) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) under which HEXO will acquire, by way of court-approved plan of arrangement under the
Canada Business Corporations Act, all of 48North’s issued and outstanding common shares in an all-share transaction valued at approximately $50 million on an enterprise value basis (the “Transaction”).
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