CAN (ON): 48North shareholders approve plan of arrangement with Hexo

48North Cannabis shareholders approved the company's proposed plan of arrangement with HEXO.

Under the arrangement, HEXO will acquire all of 48North's issued and outstanding common shares.

Approval of the arrangement resolution was a condition precedent to the completion of the arrangement, which is expected to occur on or about September 1, 2021. However, completion of the arrangement remains subject to a number of conditions precedent, including approval from the Ontario Supreme Court of Justice and satisfaction of other customary closing conditions.

For more information:
48North Cannabis Corp.
243 Queen St. West — 2nd floor
Toronto, ON, M5V 1Z4

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