RE:HEXO's New F-200 CPG Partner SignedReposting for those who missed the interview with the CEO this week. Adding the Redecan Investors Deck for those looking for further details on that deal
HEXO + Redecan Investors Deck
https://staticproduction.s3.amazonaws.com/financial-statements/2021/Hexo+Redecan+Investors+Deck.pdf
quinlash wrote: For those who missed the webcast yesterday where the CEO of HEXO disclosed that they now have their new Fortune 200 Consumer Packaged Goods (CPG) partner signed.
Would suggest going through the entire video a couple of times but I have provided some notes to show some of what is noted during the interview
(Aug 10, 2021) CEO Fireside Chat at 2021 Cannacord Conference (New CPG Partner Signed) https://wsw.com/webcast/canaccord60/hexo/2459600
- 17% Canadian Market Share
- Number 1 in a multiple of categories
- Redecan Reddies best for US Market
- US THC business to start building out
- HEXO expanding US Sales to more states very soon
- Best Cannabis drink sales in the world
- $156 Million Net sales on the QTR with Redecan, 44% margin
- 169% sales growth Redecan combined with HEXO (excluding Zenabis sales)
- Next 3 to 6 months to see more expansion for the US
- Fortune 200 company now signed with HEXO (Foods mentioned)
- Product testing on-going in Quebec, longer term to be expanded into US
- Cross border consolidation to be expected with US Federal Cannabis Legalization
- HEXO planning to work with local state suppliers and Multi-State Operators (MSOs)
- HEXO to be a US manufacturer
- HEXO products available in the US include VeryWell beverages, Verywell Drops, in Jan HEXO to expand to select states and supply Redecan Reddies and Gelcaps
- Expansion of Redecan products in Quebec
- 60% of Canadian Retail stores carry HEXO products
- High levels (85%) for rebuy rate on HEXO / Truss CBD infused drinks
- Canada a 4 Billion Dollar Market today, US Market also expanding
- HEXO about to launch with Fortune 200 Food Company
- HEXO largest Cannabis LP by sales with 1 10th the Marketcap to competitors