Hexo and Zenabis close arrangement

Hexo and Zenabis have completed the arrangement, according to which Hexo has acquired Zenabis.

"Today is another great day for HEXO," said HEXO CEO and co-founder Sebastien St-Louis. "With the acquisition of Zenabis, we are actively positioning HEXO for future expansion in Canada, Europe and beyond. This deal will strengthen our domestic brands, offer a foothold in Europe and provide significant accretive synergies as we continue towards our goal of becoming EPS-positive and a top-three global cannabis products company."