HEXO Corp Acquires Redecan to Create Canadian Adult-Use Market Leader

HEXO Corp Acquires 48North Cannabis Corp.

May 17, 2021

Consumer Products

HEXO Corp. agreed to acquire all outstanding common shares of 48North Cannabis Corp. in an all‑share plan of arrangement valued at approximately $50 million on an enterprise value basis. The deal is intended to strengthen HEXO’s position in the Canadian adult‑use market, diversify its product portfolio (including topicals and other CPG formats) and realize up to ~$12 million of annual synergies within one year of closing.

Tilray Brands Acquires HEXO Corp.

April 10, 2023

Consumer Products

Tilray Brands, Inc. will acquire all issued and outstanding common shares of HEXO Corp. under a court-approved plan of arrangement, with HEXO shareholders receiving 0.4352 Tilray shares per HEXO share (implying US$1.25 per HEXO share based on a 60-day VWAP). The deal, announced alongside a waiver and amendment agreement to address HEXO's near-term covenant and liquidity issues, is intended to combine HEXO's cultivation and brand assets with Tilray's larger cannabis and CPG platform.

Canopy Growth Acquires The Supreme Cannabis Company

April 8, 2021

Consumer Products

Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.

1000420548 Ontario Inc. Acquires CannaPiece Corp.

February 10, 2023

Manufacturing

CannaPiece Corp., a Canadian contract manufacturer of cannabis products, was sold by CannaPiece Group Inc. to 1000420548 Ontario Inc. pursuant to a share purchase agreement executed Feb. 8, 2023 and approved by the Ontario Superior Court on Feb. 10, 2023. The sale was completed as part of the company's creditor protection proceedings under the Companies' Creditors Arrangement Act and CannaPiece continues to operate under new ownership.

Hempsana Holdings Ltd. Completes Acquisition of Hempsana Inc.

July 12, 2021

Pharmaceuticals

Hempsana Holdings Ltd. (formerly Stralak Resource Inc.) completed a previously announced three‑cornered amalgamation to acquire Hempsana Inc., making Hempsana a wholly‑owned subsidiary. The combined company will focus on manufacturing cannabis derivatives and extracts (including vapeables, topicals and infused consumables) from Hempsana's Health Canada standard processing licensed and EU‑GMP‑compliant facility; HHL's shares are expected to trade on the Canadian Securities Exchange under the ticker HMPS.

Curaleaf Holdings Acquires Northern Green Canada

March 19, 2024

Pharmaceuticals

Curaleaf Holdings, Inc. has signed a deal to acquire Northern Green Canada, an EU-GMP certified Canadian licensed cannabis producer, to secure high-quality indoor EU-GMP flower supply and bolster Curaleaf's European and Australasian expansion. The acquisition is expected to close in Q2 2024 pending regulatory approvals and will strengthen Curaleaf's supply chain for key markets including Germany, Australia/New Zealand and the U.K.