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

<p>Are you following the podcast yet? If not, why not? Correct this at once, here -> <a href="https://link.chtbl.com/Cannabis_Daily">Follow</a> 😉</p><p>This week's stories:</p><ul><li>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 <a href="https://www.proactiveinvestors.com/companies/news/1011642/tilray-brands-to-acquire-rival-cannabis-company-hexo-for-us-56m-1011642.html">Proactive Investors</a>.</li><li><a href="https://www.marijuanamoment.net/connecticut-marijuana-sales-reached-record-22-million-in-march-as-adult-use-market-matures/">Marijuana Moment</a> reports that Connecticut saw a record $22 million in combined recreational and medical cannabis sales last month.</li><li><a href="https://www.fool.com/investing/2023/04/11/why-tilray-sank-and-hexo-crashed-today/#:~:text=The%20company%20said%20it%20was,majority%20of%20the%20net%20loss.">The Motley Fool</a> 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.</li><li><a href="https://mjbizdaily.com/canadian-marijuana-producer-phoena-winds-down-business-blames-high-taxes/">MJ Biz Daily</a> 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.</li></ul><p> </p><p>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!<br /><br />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-d