Industry Update: Cannabis

Industry Highlights

  • On July 31, 2023, Cresco Labs and Columbia Care announced a mutual agreement to amicably terminate the definitive arrangement agreement pursuant to which Cresco agreed to acquire all of the issued and outstanding shares of Columbia Care.
  • On June 22, 2023, Tilray completed the previously announced acquisition of Hexo Corp. In April 2022, Tilray and Hexo inked a “strategic alliance” that saw Tilray acquire Hexo debt in exchange for the right to buy Hexo shares. The subsequent acquisition deal was announced a year later, for an aggregate purchase price of roughly $56 million.

Past Industry Updates

Cannabis: June 2023

Cannabis: November 2022

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