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home / news releases / ZBISF - HEXO: Building A Formidable Canadian Cannabis Player

ZBISF - HEXO: Building A Formidable Canadian Cannabis Player

Zenabis Global Inc.
  • HEXO agrees to buy Zenabis Global in an all-stock deal of C$235 million.
  • The company will now have a substantial scale adding 111,200 kg of cannabis production.
  • The two companies were already approaching EBITDA positive and the C$20 million in synergies will provide a huge boost.
  • The stock is already elevated, so investors should wait for a dip to own HEXO.

For further details see:

HEXO: Building A Formidable Canadian Cannabis Player
Stock Information
Company Name: Zenabis Global Inc.
Stock Symbol: ZBISF
Market: OTC
Website: zenabis.com
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