HEXO stock is on the rise since last Thursday, when Newstrike shareholders “overwhelmingly” voted in favor of HEXO’s (NYSE:HEXO)(TSX:HEXO) planned acquisition of Newstrike Brands (TSXV:HIP)(OTCPK:NWKRF).
In reaction to the news, HEXO stockholders pushed shares above the $7.35 mark, but now that price has corrected with shares currently trading for $6.92 USD.
HEXO Stockholder ReactionUnder the terms of the acquisition, Canada’s HEXO “will acquire all of Newstrike’s issued and outstanding common shares by way of a plan of arrangement under the Business Corporations Act.”
HEXO announced the acquisition of Newstrike in March. ...
Read The Full Article On PotStockNews.com
Get the latest marijuana stock news, cannabis on stock news on PotStockNews
All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.