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Cannabis Movers & Shakers: Blinc Group, HEXO, Grower's Ally, Halo Collective
Tuesday, May 3, 2022 - 8:26am | 910The Blinc Group Names New COO The Blinc Group, Inc., a regulatory-focused designer, and provider of premium customized vaporizer technologies, has tapped cannabis industry veteran Pete Sahani to serve as its new chief operating officer. Sahani brings more than 25 years of global operations...
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Hexo Makes Leadership Changes, Appoints New CEO & CFO
Friday, April 29, 2022 - 9:44am | 508HEXO Corp (NASDAQ: HEXO) (TSX:HEXO) announced that Charlie Bowman has been appointed the company’s acting president and CEO. Bowman will move into a permanent role upon the successful completion of Health Canada’s security clearance process for key personnel, which has been initiated....
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Hexo Shuts Down Belleville Facility Hoping To Achieve Positive Cash Flow, More Than 200 Employees Affected
Friday, April 22, 2022 - 8:41am | 420HEXO Corp (TSX:HEXO) (NASDAQ: HEXO) will close its Belleville facility and transition its operations to other sites to further streamline operations and capitalize on production efficiencies. “After an extensive review of site capabilities, we have identified this operational closure and...
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HEXO Stock Drops On Staggering Q2 Net Loss Of $546.94M
Friday, March 18, 2022 - 8:48am | 967HEXO Corp. (TSX:HEXO (NASDAQ: HEXO) reported its financial results for the fiscal quarter ended January 31, 2022 (Q2’22), revealing net loss of CA$690.2 million ($546,94 million) compared to CA$20,8 million in the same period of 2021. Q2 2022 Key Financial Highlights Total net revenues of...
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Why HEXO Shares Are Trading Higher Today
Thursday, March 3, 2022 - 10:46am | 312HEXO Corp (NASDAQ: HEXO) is trading higher Thursday after the company announced a strategic partnership with Tilray Brands Inc (NASDAQ: TLRY) which includes a new debt financing agreement. Under the new agreement, Tilray will acquire $211 million of senior secured convertible...
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BREAKING: Tilray Brands And HEXO Form Strategic Alliance, Expecting CA$50M Of Cost Synergies In Two Years
Thursday, March 3, 2022 - 8:29am | 711HEXO Corp. (TSX:HEXO) (NASDAQ: HEXO) is finalizing a strategic partnership with Tilray Brands, Inc. (NASDAQ: TLRY) which includes a new debt financing agreement. Under the new agreement, Tilray Brands will acquire $211 million of senior secured convertible notes that were originally issued by...
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HEXO Reveals Refreshed Board Of Directors, Arviv To Weigh In On Members
Tuesday, February 22, 2022 - 11:19am | 469HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO) has entered into a transition agreement with Adam Arviv and his fund, Kaos Capital, to refresh the company’s board of directors, effective immediately. The new board will stand for election at the company’s upcoming annual and special meeting of...
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Hexo Cuts 180 Jobs As Part Of "Path Forward" And $15M Cost Savings
Wednesday, February 9, 2022 - 4:22pm | 274Hexo Corp (NASDAQ: HEXO), a leading producer of high-quality cannabis products, is cutting 180 jobs, as part of the Canadian company's cost-cutting plan, resulting in annual savings of approximately $15 million on an annualized basis. Half of these positions are related to ...
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HEXO Updates Strategic Plan: Expects $37.5M Incremental Cash Flow In 2022
Thursday, January 20, 2022 - 10:13am | 599Following a recent acquisition spree, HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO), a consumer packaged goods cannabis company, announced in December that it was streamlining its operations to core facilities as part of its ongoing integration plan. HEXO plans to close two 48North plants in Ontario at the...
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Cannabis Movers & Shakers: One World Products, Leafly, TerrAscend, Rapid Dose Therapeutics, HEXO, Harborside
Thursday, January 6, 2022 - 10:44am | 1617One World Products Announces Minyon Moore As Chairperson Advisory Board One World Products (OTC: OWPC) announced on Thursday that it is welcoming Minyon Moore to its advisory board. Moore agreed to serve as chairperson of the board. The Las Vegas-based company said that Moore would be...
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Cannabis Movers & Shakers: HEXO, Agrify, MindMed, KetamineOne
Wednesday, December 15, 2021 - 9:13am | 945Agrify Taps Barry Turkanis To Its Board Of Directors Vertically integrated cannabis company Agrify Corporation (NASDAQ: AGFY) announced Tuesday that it has appointed Barry Turkanis to serve as an independent director on its board of directors. Turkanis replaces Timothy Oakes, who recently resigned...
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Sebastien St-Louis Leaves HEXO Board As New CEO Scott Cooper Assumes His Position
Friday, November 19, 2021 - 10:40am | 414HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) announced Friday that Sebastien St-Louis has resigned from HEXO's board of directors. The latest move follows St-Louis' recent departure as co-founder and CEO of the Ottawa-based company, following the finalization of its strategic reorganization. "...
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HEXO To Close Three Recently-Acquired Facilities In Canada, Will Lay Off 155 Workers
Tuesday, November 9, 2021 - 5:04pm | 314Canadian cannabis producer HEXO Corp. (NASDAQ: HEXO) (TSX: HEXO) announced on Tuesday it will close three production sites in Canada, affecting up to 155 employees, as part of its integration plans following recent acquisitions, reported Reuters. HEXO said it will close down...
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HEXO Reports Net Loss Of $68M In Q4, Net Sales Of $38.7M
Friday, October 29, 2021 - 8:35am | 762Cannabis company HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO) reported its financial results Friday for the fourth quarter and fiscal year ended July 31, revealing a 71% quarter-over-quarter and a 43%year-over-year growth in total net sales. In the fourth quarter, total revenue amounted to roughly CA...
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HEXO Names Former Truss Beverage Exec Scott Cooper As New CEO And President
Wednesday, October 20, 2021 - 10:52am | 554HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) announced Wednesday that it had appointed Scott Cooper to serve as the new president and CEO. Scott, who joins the Ottawa-based company from Truss Beverage Co., a joint venture between Molson-Coors Co. (NYSE: TAP) and HEXO, where he served as president and CEO,...