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home / news releases / HEXO - Hexo Corp. jumps on report Tilray Brands in talks to purchase

HEXO - Hexo Corp. jumps on report Tilray Brands in talks to purchase

HEXO Corp.

2023-04-10 15:56:07 ET

  • Hexo Corp ( NASDAQ: HEXO ) soared 36% on a report that Tilray Brands ( NASDAQ: TLRY ) in talks to acquire the cannabis company in a deal valued at about $250 million.
  • Tilray ( TLRY ) will purchase Hexo ( HEXO ) by exercising a $173 million convertible note it acquired from a former Hexo creditor, according to a BNN Bloomberg report, which cited people familiar. Tilray will also pay $75 million to acquire the remaining outstanding Hexo shares.
  • Tilray (TLRY is expected to announce the acquisition after the market closes on Monday along with its quarterly results.

For further details see:

Hexo Corp. jumps on report Tilray Brands in talks to purchase
Stock Information
Company Name: HEXO Corp.
Stock Symbol: HEXO
Market: NYSE
Website: hexo.com
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