Tilray to buy Hexo in deal worth about $250M, Bloomberg says

Tilray Brands (TLRY) will announce plans to acquire Canadian cannabis producer rival Hexo (HEXO) in a deal worth about $250M Monday after reporting its latest quarterly results, multiple people directly familiar with the matter told BNN Bloomberg’s David George-Cosh. Tilray will acquire Hexo by exercising the $173M secured convertible note it acquired from Hexo’s former creditor while paying $75M to acquire the remaining outstanding shares, the sources told the news service. Reference Link