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HEXO's Shareholder Attempts Hostile Takeover, Plans To Nominate New Board Members
Thursday, February 3, 2022 - 11:47am | 872Concerned shareholder, Adam Arviv, through his fund KAOS Capital Ltd. announced on Wednesday his plan to nominate five new independent directors at HEXO Corp.(NASDAQ: HEXO) with a goal of replacing the majority of the currently entrenched legacy board members and turning around the company's...
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This Cannabis Co. Beat Tilray As Best Performer Among Canadian LPs As Stocks Plunge Over 13%
Monday, January 3, 2022 - 12:51pm | 1070It seems the losing streak continues for the Canadian Cannabis LP Index for the sixth month now, after declining 13.5% in December to 194.95, New Cannabis Ventures writes. After a 1% gain in June, the index retreated nearly 27% in the third quarter. The index, which fell 30.1% in 2020 to end...
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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 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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Cannabis Movers & Shakers: Tilray, Flower One, NCIA, Medical Marijuana, Jushi, HEXO
Thursday, October 21, 2021 - 9:09am | 1176Tilray Appoints Blair MacNeil as President Of Tilray Canada, Promotes Jim Meiers To COO Tilray, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced Tuesday that it is strengthening its leadership team by appointing Blair MacNeil as president of Tilray Canada. MacNeil agreed to drive the company's...
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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,...
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HEXO CEO Sebastien St-Louis Departs As Company Completes Strategic Reorganization
Monday, October 18, 2021 - 8:29am | 485Cannabis company HEXO Corp. (TSX: HEXO) (NASDAQ: HEXO) announced Monday the departure of Sebastien St-Louis, co-founder and CEO, as it completes a strategic reorganization. Dr. Michael Munzar, chair of the company's board, thanked St-Louis for his impact on the cannabis industry in Canada...
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HEXO Goes Greener As It Becomes 100% Carbon Neutral, Urges Rest Of Cannabis Industry To Follow
Thursday, September 16, 2021 - 11:29am | 544Cannabis giant HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) announced that it has achieved its goal to become 100% carbon neutral by September 2021 by offsetting the company's operational carbon emissions including the personal emissions of all of its 1200 employees. To do so, the Ottawa-...
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Hexo Completes $925M Redecan Acquisition On Its 'Path Towards Positive EPS'
Tuesday, August 31, 2021 - 8:42am | 494HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) announced Monday the completion of the previously announced $925 million acquisition of Redecan, Canada’s largest privately-owned licensed producer. At closing, HEXO paid the selling shareholders of Redecan $400 million in cash (subject to certain...
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HEXO's Stock On Rise Again As Shareholders Approve Redecan Acquisition
Thursday, August 26, 2021 - 9:05am | 542HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) reported Wednesday that its shareholders approved the previously announced acquisition of family-owned Canadian cannabis producer Redecan. In exchange, the Ottawa-based company agreed to pay $400 million in cash in addition to the issuance of 69,721,116...
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Cannabis Movers & Shakers: Jay-Z-Backed The Parent Co. Appoints First Black CEO In Major Public Cannabis Company, CannaSafe, HEXO And Delta 9 Each Announce New Appointments
Wednesday, August 18, 2021 - 3:39pm | 1036CannaSafe's CEO Departure, New Management Team Appointed Amid Reorganization Cannabis testing laboratory CannaSafe announced Monday that CEO Aaron Riley will leave the company to pursue testing ventures in emerging markets as part of the company's reorganization. Riley will continue to...
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Canadian Cannabis Producer HEXO Corp. Applies To Transfer Its US Stock Exchange Listing To The Nasdaq
Friday, August 13, 2021 - 1:35pm | 474The 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-...
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Canadian Cannabis Co. Hexo Acquires Production Facility In Colorado, Confirming Its Presence In The US
Monday, June 28, 2021 - 10:09am | 759Canadian cannabis company Hexo Corp (TSX: HEXO; NYSE: HEXO) confirmed Monday the completion of its previously announced acquisition of a Colorado-based production facility for an undisclosed price, marking its first in the US. Based in Fort Collins, the 50,...
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Hexo Shares Slide On Q1 EBITDA Loss Of CA$10.78M While Cannabis Company Remains #1 In The Beverages Category
Monday, June 14, 2021 - 11:18am | 635HEXO Corp. (TSX: HEXO; NYSE: HEXO) posted its third-quarter earnings results on Monday with total net revenue amounting to CA$22.66 million ($18.66 million) down from CA$32.88 million in the previous quarter. First-Quarter Financial Highlights The Canadian cannabis company noted that...
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EXCLUSIVE: Hexo CEO Urges Consumers To Demand Carbon Neutrality From Companies As Cannabis Giant Commits To This Initiative
Monday, June 14, 2021 - 9:33am | 1337“Be the change that you wish to see in the world," Mahatma Gandhi said. While many are aware of these and other inspirational ideas, stories and examples, few really act on them. Fortunately, there are those who live their lives with a strong sense of social and corporate...