HEXO

MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) entered into a settlement agreement on September 29, 2023 to resolve a claim in connection with a commercial agreement dispute, for a total consideration value of $9 million. On January 24, 2020, MediPharm Labs filed a statement of claim in...

Tilray Brands Inc. (NASDAQ: TLRY) is expected to announce plans to acquire Canadian cannabis producer rival HEXO Corp (NASDAQ: HEXO) in a deal worth about $250 million on Monday after reporting its latest quarterly results. HEXO confirmed that it has entered into...

The graph depicts the ratio of cash to market cap for the U.S. and Canadian Cultivation & Retail companies with more than $200M of market cap. Note that five companies have more than 30% cash to market cap, all Canadian LPs. Cronos (Nasdaq: CRON) has 80% of its market cap in cash; the...

Hexo 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 ...

Canadian 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...

With cannabis still being illegal on the federal level - classified as a Schedule 1 controlled substance with “no currently accepted medical use” – companies in the sector find it difficult, if not impossible, to list on major U.S. stock exchanges like the New...

The Canadian cannabis giant, HEXO Corp (NYSE: HEXO) (TSX: HEXO), announced on Friday that it has applied to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq. Though the transfer remains subject to the approval of the Nasdaq, the Ottawa-...

Cannabis company Hexo Corp. (TSX:HEXO) (NYSE:HEXO) has achieved a positive adjusted EBITDA of $202,000 in the second quarter of 2021. This represents the seventh consecutive quarter of adjusted EBITDA improvement for the Ottawa-based company. Hexo also generated $32.8 million in...

Here is a summary of the latest leadership changes within the cannabis industry. Advanced Vapor Devices Announces New Hires, Promotions Cannabis vape pen manufacturer Advanced Vapor Devices has promoted Audra Horridge from AVD's VP of operations to VP of Product. Horridge brings knowledge...

Benzinga has examined the prospects for many investor favorite stocks over the past week. This week's bullish calls included an iconic beverage stock and a cannabis stock. The iPhone maker and the electric vehicle leader were among the week's bearish calls. Overall, the second-quarter...

As of June 22, Hexo (NYSE: HEXO) (TSE: HEXO) will no longer be listed on the S&P/TSX composite index. The Ottawa, Canada-based company had recently entered the U.S. market. It disclosed a third-quarter revenue spike, but could not prevent its shares from pricing below $1. As...

In yet another week packed with cannabis news, we saw Aleafia Health Inc. (OTC: ALEAF) terminate a cannabis supply agreement with Aphria (NYSE: APHA) subsidiary Emblem Corp. after it said the latter failed to provide Aleafia with the equivalent of 175,000 kg in cannabis products. Aphria said...