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TLRY - Hexo Leapfrogs Aurora And Tilray: Purchasing Newstrike Propels Hexo To Top-Tier Status
Tilray Inc.
All currencies herein are Canadian dollars. All images are from Newstrike's investor presentation.
Summary
Hexo (HEXO) has agreed to acquire Newstrike Brands (NWKRF) in a C$263 million all-stock deal. This is a win-win deal that helps both Newstrike and Hexo shareholders as shown by strong gains for both companies on the announcement of the deal:
Data by YCharts
Newstrike management had long been eyeing an exit, and they found a great partner in Hexo. Meanwhile, the deal helps Hexo leapfrog competitors like Aurora Cannabis (ACB) and Tilray (