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Hexo Corp. Sells Niagara Falls Cannabis Facility for $10.25 Million

Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer.

The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.

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Hexo determined that it no longer expected to restart operations, which it halted in November 2019, due to an excess of cultivation capacity in the market, forecasted demand for cannabis products and expected market development.

– Read the entire article at The Star.

Source

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