Molson Coors Canada (NYSE:TAP) (TSX:TPX) & HEXO (HYYDF) (TSX:HEXO) Announce Agreement – RICH TV LIVE – August 1st, 2018. Today i look at the big new regarding HEXO and Molson Coors Canada!
Molson Coors Canada and HEXO Announce Agreement to Create Joint Venture Focused on Non-Alcoholic, Cannabis-Infused Beverages for the Canadian Market
TORONTO, Aug. 1, 2018
TORONTO, Aug. 1, 2018 /CNW/ – Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company (NYSE: TAP; TSX: TPX), and leading Canadian cannabis producer, The Hydropothecary Corporation (“HEXO”) (TSX: HEXO), are pleased to announce that they have entered into a definitive agreement to form a joint venture to pursue opportunities to develop non-alcoholic, cannabis-infused beverages for the Canadian market following legalization.
“Canada is breaking new ground in the cannabis sector and, as one of the country’s leading beverage companies, Molson Coors Canada has
Closing of the transaction, which is targeted to occur before September 30, 2018, is subject to the satisfaction of certain conditions, including execution and delivery of various transaction agreements, including governance documents and R&D and supply agreements. In connection with the closing of the transaction, subject to the final approval of the Toronto Stock Exchange, HEXO will issue to Molson Coors Canada warrants to purchase shares of HEXO.
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Molson Coors Canada (NYSE:TAP) (TSX:TPX) & HEXO (HYYDF) (TSX:HEXO) Announce Agreement