Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

HEXO Announces Filing of Early Warning Report in Respect of the Former Zenabis Global Inc.

GATINEAU, Quebec, Nov. 01, 2022 (GLOBE NEWSWIRE) -- HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) (“HEXO” or the “Company”) today announced that, following the issuance of an approval and vesting order of the Superior Court of Québec (Commercial Division) on October 24, 2022 (as amended and restated on October 25, 2022) (the “Zenabis Approval and Vesting Order”) in connection with previously initiated proceedings under the Companies’ Creditors Arrangement Act relating to Zenabis Global Inc. (“Zenabis”) and its direct and indirect wholly-owned subsidiaries (collectively, the “Zenabis Group”), the Company no longer holds any shares, voting or equity securities or other interests in Zenabis or the Zenabis Group.

HEXO understands that, as part of the pre-closing steps approved by the Zenabis Approval and Vesting Order, Zenabis amalgamated with certain other companies within the Zenabis Group to form Zenabis Ltd. (“AmalCo”). Subsequently, all of the issued and outstanding shares of AmalCo then held by the Company as a result of such amalgamation were exchanged for common shares of a newly formed corporation (“ResidualCo”) and, immediately thereafter, all of the common shares of the capital of ResidualCo so held by the Company were cancelled for no consideration, as approved by the Zenabis Approval and Vesting Order. As a result of the foregoing, HEXO no longer holds any shares, voting or equity securities or other interests in any of the companies within the Zenabis Group, AmalCo or ResidualCo, and HEXO ultimately received no cash or other consideration for it so ceasing to hold any shares, voting or equity securities or other interests in Zenabis Global Inc. (including through the latter’s successor, namely AmalCo).

About HEXO

HEXO is an award-winning licensed producer of innovative products for the global cannabis market. HEXO serves the Canadian recreational market with a brand portfolio including HEXO, Redecan, UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Latitude brands, and the medical market in Canada and Israel. The Company also serves the Colorado market through its Powered by HEXO® strategy and Truss CBD USA, a joint venture with Molson-Coors. With the completion of HEXO's acquisitions of Redecan and 48North, HEXO is a leading cannabis products company in Canada by recreational market share. For more information, please visit hexocorp.com.

For Canadian media or investor inquiries please contact:
Hayley Suchanek, Kaiser & Partners
hayley.suchanek@kaiserpartners.com


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