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Undervalued Hexo Drawing Interest From Pot Rivals, Activist Says

BNN Bloomberg

Hexo Corp., which sped up the race for cannabis-infused beverages by partnering with Molson Coors Brewing Co. in August, is attracting interest from competitors after an activist investor publicly urged it to consider a sale. Riposte Capital published a letter in September criticizing Hexo’s “severely depressed valuation” despite its joint venture with Molson Coors and its supply contract with Quebec, estimated to be worth $1 billion...

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