Sundial Growers Inc. acquired Zenabis Global Inc. from HEXO Corp..
Sundial Growers Inc. (NasdaqCM:SNDL) completed the acquisition of Zenabis Global Inc. from HEXO Corp. (TSX:HEXO) on October 31, 2022. As part of the consideration for the senior secured debt of the Zenabis Group due to the SNDL subsidiary valued at CAD 52 million. The transaction is pursuant to an approval order of the Québec Superior Court. McCarthy Tétrault LLP acted as legal counsel to SNDL. Ernst & Young Inc. acted as the Monitor of the Zenabis Group with respect to the CCAA Proceedings and was represented by Osler, Hoskin & Harcourt LLP.