Niagara Falls, ON

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September 12-14, 2022

Grow Up Awards Gala

Annual Grow Up Industry Awards. Come celebrate the innovation and sucess in the cannabis growing industry.

September 12, 2022, Niagara Falls

Strategic alliance created between HEXO and Tilray

Jul 14, 2022 | Grow Opportunity, Media Partners

This post is presented by our media partner Grow Opportunity
View the full article here.

(Globe Newswire) Gatineau, Que. — HEXO Corp. is pleased to announce the closing of a previously announced transactional agreement with Tilray Brands, Inc. The strategic partnership provides HEXO with a recapitalized balance sheet and the financial flexibility necessary for a profitable year ahead.

“This partnership with Tilray Brands is a game-changer for HEXO. It provides us with the opportunity to reset the organization onto a path of profitable, sustainable growth and allows us to leverage our leading market share into becoming the preferred cannabis experience for consumers. We’re now able to proactively plan for the second half of 2022 and beyond, focusing on meeting evolving consumer demand and innovative product development.” — Charlie Bowman, CEO of HEXO Corp.

HEXO and Tilray Brands have also entered into certain commercial agreements, providing cost saving synergies and production efficiencies. The agreements are expected to create significant efficiencies, with savings of up to US$80 million within two years, to be shared equally.

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UPCOMING EVENTS

O’Cannabiz – June 1-3, 2022
International Convention Centre, Toronto ON

Grow Up – June 20-22, 2022
Victoria Convention Centre, Victoria ON

Grow Up – September 12-14, 2022
Niagara Falls Convention Centre, ON

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