HEXO Corp. announces acquisition of Securities of Newstrike Brands Ltd.
May 28 2019 - 5:00PM
On May 24, 2019, HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO;
NYSE-A: HEXO) and Newstrike Brands Ltd.
(“
Newstrike”) announced that they completed the
previously announced arrangement (the
"
Arrangement"), pursuant to which HEXO acquired
all of the issued and outstanding common shares of Newstrike (the
“
Newstrike Shares”) by way of a plan of
arrangement under the Business Corporations Act (Ontario).
Following the Arrangement, HEXO has ownership or
control over 558,971,064 common shares in the capital of Newstrike
representing 100% of the total issued and outstanding share capital
of Newstrike.
An early warning report is to be filed in
conjunction with this news release and will be available under
Newstrike’s SEDAR profile at www.sedar.com.
About HEXO Corp HEXO Corp
is an award-winning consumer packaged goods cannabis company that
creates and distributes prize-winning products to serve the global
cannabis market. Through its hub and spoke business strategy, HEXO
Corp is partnering with Fortune 500 companies, bringing its brand
value, cannabinoid isolation technology, licensed infrastructure
and regulatory expertise to established companies, leveraging their
distribution networks and capacity. As one of the largest licensed
cannabis companies in Canada, HEXO Corp operates with 1.8 million
sq. ft of facilities in Ontario and Quebec and has a
foothold in Greece to establish a Eurozone processing, production
and distribution centre. The Company serves the Canadian
adult-use and medical markets. For more information please
visit hexocorp.com.
Investor Relations: Jennifer
Smith 1-866-438-8429 invest@HEXO.com www.hexocorp.com
Media Relations: Caroline
Milliard (819)
317-0526 media@hexo.com Director Adam
Miron 819-639-5498
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