Canadian pot producer Tilray Brands Inc. plans to buy rival Hexo Corp. — a move that would bring yet another struggling cannabis brand under its umbrella.
Canadian pot producer Tilray Brands Inc. on Monday said it would buy rival Hexo Corp. for $56 million, after years of losses, steep competition and stalled federal reform in the U.S. have weighed on the industry’s growth prospects.
Shares... Canadian pot producer Tilray Brands Inc. on Monday said it would buy rival Hexo Corp. for $56 million, after years of losses, steep competition and stalled federal reform in the U.S. have weighed on the industry’s growth prospects. Under the terms of the deal, Tilray would issue 0.4352 of its common stock for each outstanding Hexo share.
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