Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver…
Zenabis Global
Zenabis, in merger talks, calls out Sundial over alleged takeover attempt
Troubled cannabis producer Zenabis Global Inc. says it has entered exclusive merger talks with “another significant licensed cannabis producer.” Zenabis said it wouldn’t disclose further details. Zenabis’ announcement in a Wedne…
Zenabis selling cannabis facility for half of original asking price
Vancouver-based Zenabis Global has reached a conditional agreement for the sale of its facility in Delta, British Columbia, for what appears to be half of the original listing price. The conditional deal comes as large Canadian marijuana producers look…