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Renewed Momentum For Cannabis Extracts Unlocks Value in Growing Industry


Renewed Momentum For Cannabis Extracts Unlocks Value in Growing Industry
FN Media Group Presents Microsmallcap.com Market Commentary
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NEW YORK, Feb. 23, 2021 /PRNewswire/ The cannabis industry is once again gaining momentum as new jusidicitions open to CBD and North American cannabis companies find their footing. As the industry recovers after a rocky start, extracted products look primed to take the top spot in the market. In an industry flooded with cannabis biomass, value-added extraction products offer greater medical use, longer shelf lives, and easier access to emerging markets. The global medical cannabis extraction market is set to rise at a ....

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This week in weed: Trash, diversity and a million-dollar deal


Cannabis being grown in a HEXO greenhouse in Quebec in 2018. / Photo by Chris Roussakis /Bloomberg
HEXO Corporation and Zenabis Global Inc. have entered into a definitive agreement that, as proposed, would see the former acquire all of the latter’s issued and outstanding common shares.
Valued at $235 million, the all-share transaction means Zenabis shareholders will receive 0.01772 of a HEXO common share in exchange for each company common share held, notes a joint statement from the two companies.
Previously approved by each company’s Board of Directors (BoD), the deal lays the groundwork for becoming a major cannabis player.
If recent financial results are any indication, “the combined organization would be a top-three licensed producer in terms of combined Canadian recreational cannabis sales,” the statement notes. ....

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