$925M Acquisition Of Redecan Could Create A Brighter Future For Hexo Corp.

Cantor Fitzgerald issued a new report on Hexo Corp. (TSX: HEXO) (NASDAQ: HEXO) after the company announced the $925 million acquisition of Redecan, ’s largest privately-owned licensed producer.

Analyst Pablo Zuanic maintained a Neutral rating but increased the 12-month price target to CA$3.45 ($2.73) from CA$3.40 ($2.70) after tweaking pro forma …

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More $925M Acquisition Of Redecan Could Create A Brighter Future For Hexo Corp.