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Replies to post #5051 on HEXO Corp (HEXO)
JohnCM
02/16/21 3:20 PM
#5052 RE: edzon #5051
HEXO, Zenabis Shares Trading Higher Following Acquisition Deal News BY Dow Jones & Company, Inc. 1:45 PM ET 02/16/2021 Shares of cannabis companies HEXO Corp. ( HEXO ) and Zenabis Global Inc. ( ZBISF ) are trading higher in Tuesday's markets, following news that HEXO ( HEXO ) agreed to acquire Zenabis in an all-stock transaction valued at about C$235 million. At 1:28 p.m. EST, HEXO ( HEXO ) shares were trading 15.69% higher on the Nasdaq, at $8.62. Volume topped 13.2 million shares, above the 65-day average volume of just over 8 million shares. At 1:17 p.m. EST, shares of HEXO ( HEXO ) shares were trading 15.38% higher on the Toronto stock exchange, at C$10.88. Volume topped 3.6 million shares, above the 65-day average volume of some 2.1 million shares. Zenabis shares were also trading higher on the Toronto stock exchange. At 1:24 p.m. EST, its stock was 16.13% higher, at 18 Canadian cents per share. Volume topped 35.1 million shares, above the 65-day average volume of some 8.6 million shares.