| OTTAWA, April 8, 2020 /CNW/ - HEXO Corp. ("HEXO", or the "Company") (TSX: HEXO; NYSE: HEXO) today announced that it will be filing a preliminary prospectus supplement (the "Preliminary Supplement") to its amended and restated short form base shelf prospectus dated December 14, 2018 (the "Base Shelf Prospectus") relating to a proposed underwritten public offering (the "Offering") of units of the Company (the "Units"). The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to market and other customary conditions, including approvals of the Toronto Stock Exchange and the New York Stock Exchange. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the Units offered in the proposed Offering on the same terms and conditions. The Company expects to use the net proceeds from the Offering for working capital and other general corporate purposes. Canaccord Genuity Corp. and Canaccord Genuity LLC are acting as the lead underwriters for the Offering. |