M&A Deal Summary

HEXO Acquires RedeCan

On May 28, 2021, HEXO acquired agriculture company RedeCan for 925M USD

Acquisition Highlights
  • This is HEXO’s 2nd transaction in the Agriculture sector.
  • This is HEXO’s largest (disclosed) transaction.
  • This is HEXO’s 4th transaction in Canada.
  • This is HEXO’s 3rd transaction in Ontario.

M&A Deal Summary

Date 2021-05-28
Target RedeCan
Sector Agriculture
Buyer(s) HEXO
Deal Type Add-on Acquisition
Deal Value 925M USD
Advisor(s) Bennett Jones LLP (Legal)



Fenwick, Ontario, Canada
RedeCan is a Canadian cannabis company co-founded by Pete Montour, Will Montour, and Richard Redekop. With over 30 years in agriculture, Redecan’s tools are fresh water and sunshine, farming the way it has been done for hundreds of years. The Company’s proprietary growing methods are one-of-a-kind and are continually refined through the use of advanced technologies.

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Buyer(S) 1



Gatineau, Quebec, Canada


Category Company
Founded 2013
Sector Medical Products
Revenue 191M USD (2022)

HEXO is an award-winning consumer packaged goods cannabis company that creates and distributes prize-winning products to serve the global cannabis market. Through its hub and spoke business strategy, HEXO Corp is partnering with Fortune 500 companies, bringing its brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. HEXO was founded in 2013 and is based in Gatineau, Canada.

Overall 4 of 4
Sector (Agriculture) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2021) 3 of 3
Size (of disclosed) 1 of 3
2021-05-17 48North

Toronto, Ontario, Canada

48North operates as a cannabis company in the health and wellness market in Canada. The company offers bath salts, intimacy oils, flowers, pre-rolls, body cream and oil, vapes, pressed hash, and accessories under 48North, Apothecanna, First Harvest, Avitas, F8, Trail Mix, and Latitude brands. It also provides LAT, a publication and creative platform that empowers women to connect, engage, and learn through their experiences with cannabis. 48North is based in Toronto, Canada.

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