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."

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