Cannabis company makes BIG purchase of rival for more than $50M!

Are you following the podcast yet? If not, why not? Correct this at once, here -> Follow 😉This week's stories:Tilray Brands will acquire its rival HEXO Corp for US$56 million through the issuance of 0.4352 Tilray shares for each outstanding HEXO share, reports Proactive Investors.Marijuana Moment reports that Connecticut saw a record $22 million in combined recreational and medical cannabis sales last month.The Motley Fool reports that Tilray shares were lower by 7.1%, while Hexo stock was plunging by 26.5% - spurred by the announcement of a deal for Tilray to acquire Hexo in an all-stock transaction.MJ Biz Daily reports that Ontario-based company Phoena Group has been granted creditor protection and is winding down its operations, saying that it no longer has the financial footing to continue operating. Cannabis Europa London takes place on the 2-3 May. Join policy makers, entrepreneurs, innovators and investors to shape the future of the maturing European cannabis industry — and a market that is set to be worth £3.2 billion by 2025. TICKET PRICES RISE TONIGHT AT MIDNIGHT FOR CANNABIS EUROPA LONDON - SO SECURE YOURS TODAY FOR THE BEST POSSIBLE PRICE!Business of Cannabis: New York will once again bring together the most influential businesses, financial institutions, and policy makers from across the sector for a packed one-day program — providing best-in-class networking opportunities with key industry figures, sought-after insights and a trusted knowledge hub for the New York cannabis industry. Get your tickets today and join us on October 4 in New York.   Business of Cannabis: New York | U.S. Cannabis Conference (cannabisnewyork.live)Cannabis Europa London | The Barbican | 2-3 May 2023 (cannabis-europa.com)Sponsor European Report >>Get involved with Cannabis Europa >>Cannabis Europa Sponsorships Tweet us and let us know your thoughts on today's episode, here.Email us about our stories, here.Missed the previous episode? You can catch up with it here.  About Cannabis Daily.Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.Visit Business of Cannabis online:http://businessofcannabis.comTwitter: https://twitter.com/bofc_mediaLinkedIn: https://www.linkedin.com/company/businessofcannabisInstagram: https://instagram.com/businessofcannabisFacebook: https://www.facebook.com/bofcmediaSpotify: http://bofc.me/spotifyApple: http://bofc.me/applepodPodcasts Online: https://bofc.me/bofclive