5 Tips to Maximize 4/20 Sales at Your Dispensary – Cannabis Business Times

GATINEAU, Quebec, April 12, 2022 (GLOBE NEWSWIRE) — PRESS RELEASE — HEXO Corp., a producer of high-quality cannabis products, has announced that the company has taken a significant step forward in executing on its strategic plan–The Path Forward–by entering into definitive agreements with Tilray Brands, Inc., as well as entering into a definitive equity purchase agreement with an affiliate of KAOS Capital Inc., further to the company’s press release of March 3, 2022. Closing of the transaction with Tilray Brands and the Standby Agreement is expected to occur by the end of May 2022, subject to the satisfaction or waiver of closing conditions.

The definitive agreements with Tilray Brands solidify the strategic partnership between HEXO and Tilray Brands and, on closing, will provide HEXO with a recapitalized balance sheet and the enhanced financial flexibility critical to accelerating its transformation into a cash flow positive business within the next four quarters. The terms of the transaction are set out in a transaction agreement entered into among HEXO, Tilray Brands and HT Investments MA LLC (HTI) providing for the amendment to the terms of the outstanding senior secured convertible note originally issued by HEXO to HTI and the execution of an amended and restated

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