TORONTO, May 28, 2019 (GLOBE NEWSWIRE) -- On May
24, 2019, HEXO Corp (“HEXO†or the “Companyâ€) (TSX: HEXO; NYSE-A:
HEXO) and Newstrike Brands Ltd. (“Newstrikeâ€)
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 Sharesâ€) 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
[email protected]
www.hexocorp.com
Media Relations:
Caroline Milliard
(819) 317-0526
[email protected]
Director
Adam Miron
819-639-5498