Wednesday, April 24, 2019 1:23:38 PM
“We’re pleased to have secured hard lock up support for 38.3% of Newstrike shareholders since announcing the agreement,” said Sebastien St-Louis, HEXO’s CEO and co-founder. “This is a great recognition of the extreme alignment between both companies’ management and boards, as well as a vote of confidence in HEXO’s vision for the future. We are eager for the Newstrike family to embark on this journey with us!”
Jay Wilgar, CEO of Newstrike added: “Our recent respective quarterly financial reports demonstrate the collective potential of our combined organizations as one of Canada’s largest licensed producers. We look forward to working closely with the HEXO team to leverage the strengths of our two businesses, create synergies and accelerate value creation for both of our shareholder bases. Moreover, our strategic partners The Tragically Hip and Neal Brothers Foods are both supportive of the proposed combination.”
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