HEXO Corp (HEXO:NASDAQ) is pleased to announce completion of the previously announced acquisition of all of the outstanding shares of the entities that carry on the business of Redecan, Canada’s largest privately-owned licensed producer. At closing, HEXO paid the selling shareholders of Redecan $400 million in cash and delivered 69.7 million newly issued common shares of HEXO… Pursuant to the Transaction and terms of the Investor Rights Agreement, Peter James Montour joins the HEXO board of directors, which also includes Emilio Imbriglio, Vincent Chiara, Jason Ewart, Adam Miron, Michael Munzar, Sébastien St-Louis and Rose Marie Gage. Will Montour will act as non-voting observer on the board of directors, until his election to the board in accordance with the Investor Rights Agreement. Monday August 17th, 2021.
Source: https://www.globenewswire.com/news-release/2021/08/30/2288543/0/en/HEXO-announces-closing-of-Redecan-transaction.html?fbclid=IwAR2rodHBCthPk5KfFFx4HTRQV7328_IoNdD9YgFtSulPLerMa-BoZxtnDZg
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#HEXO, #REDECAN, #DONEDEAL
TIMESTAMPS
00:00 Intro
01:17 HEXO & Redecan Deal Closed
04:51 Redecan History & Story
08:10 HEXO Technical Analysis & Charting
17:30 Summary
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