Hexo sets $140 million raise for acquisition, US cannabis expansion

Canadian cannabis grower Hexo Corp. priced a public offering to raise $140 million. The offering follows a shelf prospectus supplement that Hexo filed May 25. Proceeds from the share offering will be used to pay part of the cash component of Hexo’s acquisition of Canadian competitor Redecan as well as “for expenditures in relation to the […]

Hexo sets $140 million raise for acquisition, US cannabis expansion is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs