HEXO Mergers and Acquisitions Summary

Medical ProductsCompany

HEXO has acquired 4 companies, including 4 in the last 5 years.

HEXO’s largest acquisition to date was in 2021, when it acquired RedeCan for $925M. The Company’s most targeted sectors include agriculture (50%) and consumer products (25%).

Join Mergr and gain access to HEXO’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Advisors 3

HEXO

HEXO Corp.

120 Chemin de la Rive,
Gatineau, Quebec K2K 2X2
Canada,
(866) 438-8429
www.hexocorp.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.8/yr) # - 1 - 3 - - 4
vol $200M $1.2B $1.4B
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
RedeCan 2021-05-28 925M USD Add-on Acquisition
Fenwick, Ontario · www.redecan.ca
48North Cannabis Corp. 2021-05-17 - Add-on Acquisition
Toronto, Ontario · www.48nrth.com
Zenabis Global, Inc. 2021-02-16 235M USD Add-on Acquisition
Vancouver, British Columbia · www.zenabis.com
Newstrike Brands Ltd. 2019-03-13 200M CAD Add-on Acquisition
Oakville, Ontario · www.newstrike.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Agriculture 2 (50%) 1.2B (85%) - -
Consumer Products 1 (25%) - - -
Medical Products 1 (25%) 200M (15%) - -
Total 4 $1.4B - -

By Geo

State/Country Buy Value Sell Value
Canada 4 1.4B - -
  Ontario 3 1.1B - -
  British Columbia 1 235M - -
Total 4 $1.4B - -

Top M&A Advisors

Financial Deals
Eight Capital Management LLC
 1
Legal Deals
Norton Rose Fulbright LLP
 2
DLA Piper
 1

Deal Values

buy # Total
$100M to $1B 3 $1.4B
TOTAL $1.4B
Largest RedeCan
$925M (2021-05-28)

Company Summary

SECTOR

Medical Products

Revenue

124   54% 2021
81   69% 2020
48   860% 2019
5   25% 2018
4   2017
(millions of CAD) Show More Show Less

Established

2013

Public

NASDAQ: HEXO

Former Name

The Hydropothecary Corp.

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