September 6, 2018 / 2:21 PM / 8 months ago

BUZZ-Hexo Corp: Riposte Capital to urge co to seek strategic options - WSJ

** Shares of medical marijuana producer and distributor up 5.6 pct at C$6.50 on report of shareholder activism

** Riposte Capital, second-largest holder, plans to urge the company to explore strategic alternatives and take advantage of the cannabis sector's rapid growth, WSJ reports, citing people familiar with matter

** Options could include selling the co, seeking a merger partner or soliciting a large investment from Molson Coors , with which it has a JV to develop nonalcoholic, cannabis-infused beverages, per WSJ report

** HEXO has market cap of C$1.14 bln up to Wednesday’s closing price

** Stock has climbed 52 pct, including session gains (Reporting by Medha Singh in Bengaluru)

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