- HEXO Corp.’s (HEXO) wholly-owned subsidiary, Zenabis Global Inc., has filed a petition with the Superior Court of Québec for protection under the CCAA to restructure its business and financial affairs
- This CCAA petition is limited to the Zenabis and neither HEXO nor any of its subsidiaries (other than Zenabis) are petitioners or parties to these proceedings
- HEXO is a licensed producer of products for the global cannabis market
- HEXO Corp. (HEXO) is up 0.94 per cent, trading at $0.26 per share as of 11:45 a.m. ET
HEXO Corp (HEXO) subsidiary Zenabis Global had filed a petition for protection under the Companies’ Creditors Arrangement Act (CCAA).
The petition with the Superior Court of Québec will allow Zenabis to restructure its business and financial affairs.
Ernst & Young Inc. was appointed as the Monitor to oversee the CCAA proceedings.
HEXO stressed that this CCAA petition is limited to the Zenabis and neither HEXO or any of its subsidiaries (other than Zenabis) are involved in these proceedings.
Based out of Gatineau Québec, HEXO is a licensed producer of products for the global cannabis market.
HEXO Corp. (HEXO) is up 0.94 per cent and is trading at $0.26 per share as of 11:45 a.m. ET.