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HEXO Corp. (HEXO)

NYSE - NYSE Delayed Price. Currency in USD
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0.6497-0.0074 (-1.13%)
At close: 2:57PM EDT
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Trade prices are not sourced from all markets
Previous close0.6448
Open0.6450
Bid0.6500 x 2900
Ask0.6500 x 1000
Day's range0.6410 - 0.6700
52-week range0.3460 - 4.1400
Volume3,582,709
Avg. volume7,782,360
Market cap308.754M
Beta (5Y monthly)1.67
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • GlobeNewswire

    HEXO Corp. Announces New CFO

    OTTAWA, Sept. 14, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has hired Trent MacDonald to join the Company in the role of Chief Financial Officer, with a start date expected in the coming months.   Mr. MacDonald will begin as Chief Financial Officer upon following Health Canada’s Key Personnel change and security clearance processes, as required for his position under the Cannabis Act and Cannabis Regulations.  He will succeed Stephen Burwash, who will remain on as Chief Financial Officer through the transition period. Mr. MacDonald brings more than 15 years of financial executive experience to HEXO, working for both publicly ‎listed and private enterprises.  Most recently, he served as the CFO for Rx Drug Mart, a private pharmacy ‎operator/consolidator, helping to guide it through significant growth in sales. Prior to that, he served as Vice President Finance of Indigo (TSX: IDG) and Vice President Finance for some of Sobeys’ (TSX: EMP.A) largest ‎divisions and regions. Throughout his career, Trent has focused extensively on ‎strategic, profitable growth, designing and implementing processes and ‎solutions to ensure operational effectiveness and scalability.In addition to his financial executive experience, Mr. MacDonald is an award-winning ‎entrepreneur, having owned and operated successful businesses across several different ‎industries, from aquaculture and industrial services, to men’s grooming product retail and barbering. He holds a BBA (Honours, Accounting and Finance) from St. Francis Xavier University and is a Chartered Professional Accountant (CPA, CA). He has held accounting positions at Deloitte and Crowe Soberman."We are very pleased to welcome Trent to the HEXO leadership team. We are excited about the experience he brings to HEXO as we continue to deal with challenging but exciting and promising times for the cannabis industry ,” said Sebastien St-Louis, Chief Executive Officer and co-founder of HEXO. “We also thank Stephen for his tremendous contribution to HEXO during his tenure as CFO. It has been an extremely busy period in which he made a number of lasting contributions to our success.  As our business grows and we execute our strategic plan, the Board and I felt it important to ensure that our management team have the skill set most beneficial for HEXO, and Trent’s mixture of financial leadership roles in combination with his proven entrepreneurial abilities make him a great fit.”“Stephen has worked tirelessly during his time as CFO and his efforts and contributions have been very much appreciated by all members of the Board of Directors. We thank him for his positive input and unwavering commitment to HEXO and wish him the best in his future endeavours”, added Michael Munzar, Chair of the Board of Directors of HEXO. “We look forward to Trent building upon this solid foundation for HEXO and bringing his own unique experience and leadership to the CFO position as we continue our goal of building a great consumer packaged goods cannabis company.”About HEXO HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.Investor Relations: invest@HEXO.com www.hexocorp.comMedia Relations: (819) 317-0526 media@hexo.com

  • GlobeNewswire

    Hexo Corp. Completes C$34.5 Million At-the-Market Offering Program

    OTTAWA, Aug. 13, 2020 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it has completed its previously announced at-the-market equity program (the “ATM Program”).  Under the ATM Program, the Company sold an aggregate of 33,921,979 common shares between June 18, 2020 and July 31, 2020 through the Toronto Stock Exchange, the New York Stock Exchange and other marketplaces on which the common shares are listed, quoted or otherwise traded.  The common shares were sold at prevailing market prices for gross proceeds of C$17,248,047 and US$12,751,168, or total gross proceeds of C$34,497,272 after applying applicable US$-C$ exchange rates. Distributions of the common shares through the ATM Program were made pursuant to the terms of an equity distribution agreement dated June 16, 2020 among the Company, ATB Capital Markets Inc., as Canadian agent, and Oppenheimer & Co. Inc., as U.S. agent.The Company expects to use the net proceeds from the ATM Program for general corporate purposes, which may include: (i) working capital; (ii) capital expenditures; and (iii) debt repayments.The offering under the ATM Program was made pursuant to a prospectus supplement dated June 16, 2020 (the "Prospectus Supplement") to the Company’s Canadian amended and restated short form base shelf prospectus dated December 14, 2018  (the "Base Shelf Prospectus"), and pursuant to a prospectus supplement dated June 16, 2020 (the "U.S. Prospectus Supplement") to the Company’s U.S. base prospectus (the "U.S. Base Prospectus") included in its registration statement on Form F-10 (the "Registration Statement") (File No. 333-228924) filed with the United States Securities and Exchange Commission on December 20, 2018. The Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com, and the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC’s website at www.sec.gov.No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the common shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About HEXO HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.Forward Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”), including statements regarding the Company’s expected use of the net proceeds from the ATM Program. Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements, including that the Company’s use of proceeds of the ATM Program may differ from those indicated. Forward-looking statements should not be read as guarantees of future performance or results.For additional information with respect to certain of these expectations, assumptions, risks, uncertainties and other factors, and risk factors relating to the Company and the Common Shares, reference should be made to the Prospectus Supplement and the Base Shelf Prospectus or the U.S. Prospectus Supplement and the U.S. Base Prospectus, as applicable, the Company’s annual information form dated October 28, 2019 and other continuous disclosure filings, which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.Investor Relations: invest@HEXO.com www.hexocorp.comMedia Relations: (819) 317-0526 media@hexo.com

  • GlobeNewswire

    HEXO vapes now available across Canada

    OTTAWA, July 23, 2020 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) is proud to launch its line of vape products to both adult-use and medical consumers, across Canada. “At HEXO, we pride ourselves in ensuring our consumers have access to high-quality, reliable and consistent cannabis products,” said Sebastien St. Louis, CEO and co-founder of HEXO Corp. “We are thrilled to launch our vape products across Canada as we continue to focus on innovation and launching additional 2.0 products across all of our brands.”Prior to releasing its line of vapes, the Company conducted testing to evaluate the taste, tolerability of effects and short-term undesired effects of its proprietary terpene blends.HEXO’s vape products currently include three ready-to-use vape pens and four 510-thread cartridges, in popular strain-inspired terpene blends. HEXO vapes are available across Canada to both adult-use and medical consumers.About HEXO CorpHEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.Investor Relations: invest@HEXO.com www.hexocorp.comMedia Relations: (819) 317-0526 media@hexo.com