quinlash wrote: Provided as a starting point for visitors looking to begin their own research into HEXO Corp. This is a large post, many News Releases from both HEXO and Molson Coors. Video interviews contain a lot of information not necessarily released through NRs or articles on the internet. I strongly encourage everyone to take the time to do some research.
GLTA
Q
High-Level Summary of Current Status (August 18, 2021)
In 2020 HEXO expanded sales into the US through its 2nd Joint Venture with its partner Molson-Coors for the sale of infused drinks in the state of Colorado. HEXO management has referred to expansion to additional states in numerous interviews and corporate presentations. Included in these comments are references to them working directly with existing U.S. Multi-State-Operators (MSOs). May 14th, 2021, the company announced the acquisition of a production facility in Colorado and noted that this would be undergoing upgrades to provide a means to produce product within the US in conjunction with MSOs seeking to take advantage of the “Powered by HEXO” patented technology. At this point there is no indication that the company plans to cultivate Cannabis within the US and are opting to source raw product from local producers.
HEXO has been in expansion mode in 2021 with the purchase of Zenabis Global, another Canadian LP and producer of Cannabis 2.0 products, including edibles. June 1st this deal closed with shares, sales, assets, and liabilities of the company transitioning over to HEXO. According to HEXO this addition places the company firmly in the #2 position within Canada based on recreational cannabis sales.
May 17th HEXO announced the planned acquisition of 48 North, a Canadian LP with a line of Cannabis infused Health and Beauty Products.
May 28th the company disclosed that it is now positioned to take over the #1 Spot in Canada with a planned purchase of Redecan. According to HEXO CEO the new / larger version of HEXO will be reporting in excess of $156 Million in sales per QTR (Note: more than one half billion annually) once all of the acquisitions are closed and fully consolidated under the HEXO banner.
Redecan is a leader in the sale of pre-rolls but also carries Cannabis Capsules, oils and vapes. Redecan products are also carried by Shopper’s DrugMart, a Nation-wide chain of drug stores within the Canadian Market (Note: Redecan is privately owned / not publicly traded, refer to the Redecan investor’s deck link below for details).
Aug 10th, 2021 during an interview at the Cannacord Conference the CEO disclosed that HEXO has now signed it’s new Consumer Packaged Goods (CPG) Fortune 200 partner. Food products were noted during the interview as well as additional details regarding US Expansion and the introduction of Redecan Pre-Rolls to the US Market Space.
HEXO has filed a base shelf prospectus for 1.2 Billion dollars to address debts owing as well as fund merger and acquisition activity and it’s US Expansion activities. On May 14th the company announced news of a reduction to the capital raise along with additional details as to how monies would be used (see links section for details)
HEXO released it’s 2021 Q3 QTR report on Monday, June 14th. The report showed a fairly substantial earnings miss with sales coming in at $33 Million vs. the $45 Million of prior QTR. The company took ownership of this crediting a decision to focus on high-volume / low-THC content hash to meet sales demand. Unfortunately, small craft growers were also ramping up hash production with higher content THC products which took away sales from HEXO during the QTR. HEXO noted that corrective action has already taken place and they are now providing the highest content THC products legally available for sale in Canada. As part of the earnings release the company also indicated that it had expanded sales outside of Quebec by a notable 169% and was continuing to ship product overseas.
Aug 13th HEXO announced it will be moving it’s listing from the NYSE to the Nasdaq effective August 23, 2021. This will result in a substantial cost savings for HEXO for the listing.
HEXO Wildcards
HEXO is partnered with Molson-Coors twice for the production of Cannabis infused drinks. Molson itself partnered with Coke for a new line of Mexican Drinks being sold in the US. Molson also partnered with Dwayne Johnson “The Rock” for Zoa Energy Drinks. If either Coke or Dwayne Johnson opt to enter the Cannabis Infused Drink Market it is possible that HEXO could benefit directly or indirectly from such a development.
Company Presentations and Interviews:
(Aug 10, 2021) CEO Fireside Chat at 2021 Cannacord Conference (New Fortune 200 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
(July 13, 2021) Molson-Coors Announces Expansion of CBD Drinks across Colorado
https://www.molsoncoorsblog.com/news/truss-cbd-usa-plans-expansion-across-colorado
(June 16, 2021) Cantor Fitzgerald Fireside Chat with HEXO CEO Sebastien S.L. & CFO Trent M.
https://www.youtube.com/watch?v=gvStRypSOpA
(June 12, 2021) HEXO CEO on BNN
https://www.bnnbloomberg.ca/marijuana/video/focused-product-strategy-can-bring-us-ahead-in-the-u-s-market-hexo-ceo~2222003
Video Highlights (min:sec):
(Min 5:30) Fully activate Belleville center By September. Bulk package from cultivation facility to retail shelf in 5 days.
(Min 6:35) Some analysts find the price paid for Redecan considerably low versus was they are actually valued at. Received an offer at 1.4B and turned it down.
(Min 7:15) Redecan numbers will blow the market away. They need Redecan audit before they can post numbers. Making sure they cross Ts and dot the Is (this has since been provided, see link provided below)
(Min 8:30) They want to bring that #1 portfolio from Canada to the USA. They've got great margins and he thinks that MSO will be interested in getting those excellent products plus excellent margins.
June 11, 2021 – Interview with HEXO CEO
https://www.youtube.com/watch?v=MBOiRu7Z15Y
Comments include:
- HEXO becoming #1 in Canada as major deals close
- Environmental concerns / changes being made by HEXO (See HEXO News Releases below)
- Purchase of Redecan which has seen 169% Growth Year over Year
- SSL believes there will be only 3 major players in the sector
- Worldwide expansion plans
- HEXO already in the US and selling product
- Working with Molson to expand to more states – coming Soon
- Functional Foods expansion – Legal to sell in US today
- Prepping the business to expand as soon as rules change in the US
- Number 1 producer in a number of Canadian Provinces
- Blew Canopy out of the water with drinks
- HEXO mostly focused on US Expansion at this time but also planning on Worldwide expansion
- Products currently being sold in Israel
- Discussion regarding distribution of product overseas through Molson sales channels
- Aiming to EPS positive in a short period of time
(May 28, 2021) CNN Interview with HEXO CEO Regarding Redecan Acquisition (Video)
https://www.youtube.com/watch?v=Z50nIYXQRwM&t=10s
(May 28, 2021) HEXO+ Redecan (Splash Video)
https://www.youtube.com/watch?v=zHwI9ZnNCXY
(May 28, 2021) HEXO + Redecan Investors Deck
https://staticproduction.s3.amazonaws.com/financial-statements/2021/Hexo+Redecan+Investors+Deck.pdf
Slide # 9 Reports Redecan as having 169% Year over Year increase in Sales as well as 50% + Gross Margins
Slide # 18 Shows HEXO expecting $32 Million in Annual Savings Post-Zenabis + 48 North deals closing
(May 28, 2021) HEXO NOW #1 Video
https://www.youtube.com/watch?v=zHwI9ZnNCXY
(May 20, 2021) BMO Capital Markets 16th Annual Farm to Market Conference – Video Interview with HEXO CEO and CFO
https://www.youtube.com/watch?v=plKNIcTXD70&t=23s
Video Highlights (min:sec):
Merger and Acquisition discussion regarding Zenabis and 48-North, HEXO seeking 20% Canadian Market Share, expansion of product line in order to approach larger partners, New Bake Sale Product and Original Stash products targeting Black-market Customers (and winning), how HEXO is addressing inventory management to avoid write-downs, UP! Product line supporting 20% + THC levels, 100 Strain Strategy by year end of Calendar Year 2021, Powered By HEXO strategy for Consumer Packaged Goods (CPG) partners, moving to “functional foods”, (eg Pet Care and Cosmetics),
(Min 18:50) HEXO displaced major CPG producers in Colorado with drink launch,
(Min 20:30) 2nd Largest Patent Holder in Sector,
(Min 22:10) Colorado as launching location into the rest of the US,
(Min 23:40) Powered by HEXO structure compared to Intel Business Model,
(Min 27:00) HEXO has THC Zoning in US,
(Min 31:15) HEXO Drink re-buy rate for first time buyers of Truss drinks apx 85%.
(May 11, 2021) Canaccord Genuity’s 5th Annual Global Cannabis Conference – Interview with HEXO CEO
https://www.youtube.com/watch?v=oFFW1D7ZMyk&t=171s
(Feb 16, 2021) HEXO PowerPoint / PDF Summary Presentation Regarding Zenabis Deal
https://www.zenabis.com/wp-content/uploads/slider/hexo-corp-project-zebra_2021-03-25_12_10_21/hexo_corp.pdf?fbclid=IwAR0FlnKRYtEoOPfI0y6BKEgGN04sNV8HMzc7zYYmF4_5w1zOdoWTe_Oxv1c
Note: Presentation compares HEXO to other major players including the Aphria / Tilray combined operation and shows HEXO becoming a top three producer in the Canadian Market.
2021 ICR Presentation with HEXO CEO (discussion on US expansion into Colorado and beyond)
https://icrinc.touchcast.com/showtime/icr-conference/embed/6a310d2c-3a67-6022-c73f-165d733a591a
Note: Starting from minute marker 19:20 the CEO comments on how HEXO has access to Molson’s relationship with Coke and Dwayne Johnson “The Rock”
(Dec 9th, 2020) - Video HEXO Virtually Rolls out New Belleville Facility
https://youtu.be/nhTKnCRhzv4 <<<-- A Must Watch ----<<<<<<
Link to HEXO Video Library Showing Inside the Operation
https://www.hexocorp.com/videos/
Powered By HEXO Summary (HEXO Page)
https://www.hexocorp.com/powered-by-hexo/?fbclid=IwAR1mcH41Fy_P3BnHaM3MXrops-atTYVY7mnRXBZIzYpbk_OZSOT2YmE4xT0
HEXO (plus Zenabis / 48-North / Redecan) Related News:
(Aug 16, 2021) HEXO expands its global leadership team with the appointment of Chief Commercial Officer
https://www.globenewswire.com/news-release/2021/08/16/2280923/0/en/HEXO-expands-its-global-leadership-team-with-the-appointment-of-Chief-Commercial-Officer.html
(Aug 13, 2021) HEXO Shares Moving to NasDAQ
https://www.globenewswire.com/news-release/2021/08/13/2280385/0/en/HEXO-to-transfer-U-S-stock-exchange-listing-to-Nasdaq.html
(July 14, 2021) HEXO provides update on Redecan acquisition
https://www.globenewswire.com/news-release/2021/07/14/2262586/0/en/HEXO-provides-update-on-Redecan-acquisition.html
(June 28, 2021) HEXO Corp formalizes its US presence with acquisition of production facility in Colorado
https://www.globenewswire.com/news-release/2021/06/28/2253703/0/en/HEXO-Corp-formalizes-its-US-presence-with-acquisition-of-production-facility-in-Colorado.html
(June 14, 2019) HEXO Corp Reports Third Quarter Fiscal 2021 Financial Results
https://www.globenewswire.com/news-release/2021/06/14/2246424/0/en/HEXO-Corp-Reports-Third-Quarter-Fiscal-2021-Financial-Results.html
(June 14, 2021) – Audio file of HEXO 2021 Q3 Earnings Call
https://www.youtube.com/watch?v=V7kE3LeVb9A
(June 9, 2021) HEXO Corp wins dismissal of NY state court shareholder class action
https://www.globenewswire.com/news-release/2021/06/09/2244200/0/en/HEXO-Corp-wins-dismissal-of-NY-state-court-shareholder-class-action.html
(June 8, 2021) HEXO Corp commits to ESG leadership, starts by offsetting 100% of carbon emissions and plastic packaging
https://www.globenewswire.com/news-release/2021/06/08/2243398/0/en/HEXO-Corp-commits-to-ESG-leadership-starts-by-offsetting-100-of-carbon-emissions-and-plastic-packaging.html
(June 1, 2021) HEXO Corp. and Zenabis Global Inc. Announce Closing of Arrangement
https://www.globenewswire.com/news-release/2021/06/01/2239519/0/en/HEXO-Corp-and-Zenabis-Global-Inc-Announce-Closing-of-Arrangement.html
(May 28, 2021) HEXO Corp announces acquisition of Redecan to create Canadian market leader in adult-use sales
https://www.globenewswire.com/fr/news-release/2021/05/28/2238104/0/en/HEXO-Corp-announces-acquisition-of-Redecan-to-create-Canadian-market-leader-in-adult-use-sales.html
Taken From Above News Release
“With today’s announcement, we believe that we are on the verge of surpassing that objective to become the no.1 licensed producer by recreational market share. Building on our strong market momentum, the combination of HEXO and Redecan reinforces our position as an industry leader and creates a robust foundation for growth, efficiency at scale and improved financial results.”
(May 27, 2021) HEXO Corp Announces Public Offering of Senior Secured Convertible Notes
https://www.globenewswire.com/news-release/2021/05/28/2237912/0/en/HEXO-Corp-Announces-Public-Offering-of-Senior-Secured-Convertible-Notes.html
Taken from Above News Release
The Company expects to use substantially all of the net proceeds from the Offering to fund the acquisition (the “Potential Acquisition”), if it occurs, of a large Canadian licensed producer (the “Target Business”). The Company has not yet entered into a definitive agreement for the Potential Acquisition.
(May 17, 2021) HEXO Corp to acquire 48North Cannabis Corp.
https://www.globenewswire.com/news-release/2021/05/17/2230497/0/en/HEXO-Corp-to-acquire-48North-Cannabis-Corp.html
Taken from Above News Release:
- Diversifies product portfolio: The addition of 48North’s innovative product offering, including topicals, bath and intimacy products provides a strong base for potential future CPG partnerships in the US, Canada and internationally.
- Offers accretive synergies: HEXO estimates that, assuming completion of the Transaction, it may realize annual synergies of up to $12 million within one year of close, through cost of goods reductions, additional capacity utilization in HEXO’s Belleville Centre of Excellence and selling, general and administrative savings, which, if realized, should allow HEXO to continue its path towards positive earnings.
(May 14, 2021) HEXO Corp Announces Filing of Preliminary Base Shelf Prospectus for Debt and Planned Reduction in Previously Filed Shelf Prospectus for Equity
https://www.globenewswire.com/news-release/2021/05/14/2230199/0/en/HEXO-Corp-Announces-Filing-of-Preliminary-Base-Shelf-Prospectus-for-Debt-and-Planned-Reduction-in-Previously-Filed-Shelf-Prospectus-for-Equity.html
(May 14, 2021) HEXO Corp announces US production facility in Colorado
https://www.globenewswire.com/news-release/2021/05/14/2229789/0/en/HEXO-Corp-announces-US-production-facility-in-Colorado.html
Taken From Above News Release
The ~50,000 sq. ft. facility, located in Northern Colorado, will provide US CPGs and consumers access to the Powered by HEXO® technology.
Note: The company has disclosed that the facility will cost $6 Million USD to purchase and between $16.5 and $49 Million USD to retrofit
HEXO’s first in the US, is zoned for production of a full range of cannabinoids and offers multiple operational capabilities. The site will support Powered by HEXO initiatives across the country, in compliance with all applicable laws and regulations.
(May 14, 2021) ZENABIS MALTESE JOINT VENTURE PARTNER ZENPHARM RECEIVES LICENSE FOR PRODUCTION & DISTRIBUTION OF CANNABIS
https://www.zenabis.com/zenabis-maltese-joint-venture-partner-zenpharm-receives-license-for-production-distribution-of-cannabis/
Taken from Above News Release
The Medicinal Cannabis License allows ZenPharm to commence commercial shipments to the European Union, where Germany is ZenPharm’s most prominent target market. ZenPharm has an executed supply agreement with a German-based customer to supply a minimum volume of 500 kg per year. To that end, ZenPharm will be accepting shipments of up to 300kg from Zenabis Atholville through the end of this calendar year.
“… launching finished cannabis products under its own brand for distribution within the Maltese medicinal cannabis market, with similar entry into the Polish Market expected in the Q1 2022”
(May 13, 2021) HEXO Corp and REQ Announce Brand Partnership for “Powered By HEXO®” Expansion into United States
https://www.globenewswire.com/news-release/2021/05/13/2228927/0/en/HEXO-Corp-and-REQ-Announce-Brand-Partnership-for-Powered-By-HEXO-Expansion-into-United-States.html
Taken From Above News Release
As U.S. Agency of Record, REQ will assist HEXO as it continues to expand its footprint in the U.S. and ramps up to support the growth initiatives of Truss CBD USA, its joint venture with Molson Coors, and for potential non-beverage CPG partners with whom the Company is in ongoing discussions.
Direct Link to REQ Marketing Website
https://req.co/work/featured-work
Note: REQ has worked with companies such as Amazon, eBay, Disney, MasterCard and Stubhub
(May 11, 2021) HEXO Corp Announces At-the-Market Offering of up to C$150,000,000
https://www.globenewswire.com/news-release/2021/05/11/2227270/0/en/HEXO-Corp-Announces-At-the-Market-Offering-of-up-to-C-150-000-000.html
Taken From Above News Release
The Company expects to use the net proceeds from the ATM Program for general corporate purposes, which may include: (i) costs associated with the Company’s U.S. expansion plans including the contemplated acquisition of a facility in the State of Colorado and its subsequent retrofitting and improvement; (ii) capital expenditures, including potential capital expenditures to make additional improvements to the production lines at the Company’s Belleville, Ontario facility; (iii) potential future acquisitions; (iv) working capital, including replenishing existing cash resources and working capital which will be used to fund certain transaction and integration costs and minimum debt repayments related to the Company’s proposed acquisition of Zenabis Global Inc. (“Zenabis”); and (v) repayment of additional debts owed by Zenabis following the completion of the Zenabis acquisition.
(May 3, 2021) - HEXO Corp Announces Repayment of Credit Facility
https://www.globenewswire.com/news-release/2021/05/03/2221193/0/en/HEXO-Corp-Announces-Repayment-of-Credit-Facility.html
Taken From Above News Release
“We believe repayment of the credit facility provides HEXO with flexibility as we continue to execute on our US expansion plans and our goal to become a top two Canadian LP by adult-use recreational cannabis sales,” said HEXO CEO and co-founder Sebastien St-Louis. “We would like to thank our lenders for their support, which has contributed to HEXO’s success to date.”
(Apr 28, 2021) – HEXO Corp receives Control Union Medical Cannabis Standard GACP certification
https://www.globenewswire.com/news-release/2021/04/28/2218430/0/en/HEXO-Corp-receives-Control-Union-Medical-Cannabis-Standard-GACP-certification.html
Taken From Above News Release:
CUMCS-GACP certification represents a standard of quality and consistency for cannabis propagation, cultivation and post-harvest processes and is compliant with both the World Health Organization and European Medicines Agency Good Agricultural and Collection Practice guidelines
(Apr 21, 2021) – HEXO Wins 2021 Atomic Award
https://atomicawards.strategyonline.ca/winners/winner/2021/?e=110149&n=Veryvell
(Apr 15, 2021) - HEXO Corp Announces Filing of $1.2B Preliminary Base Shelf Prospectus
https://www.globenewswire.com/news-release/2021/04/15/2211308/0/en/HEXO-Corp-Announces-Filing-of-1-2B-Preliminary-Base-Shelf-Prospectus.html
Taken From Above News Release:
“We made the decision to file this new base shelf prospectus and registration statement to provide maximum flexibility as we continue to pursue strategic initiatives in both the United States and Canada,” said HEXO CEO and co-founder Sebastien St-Louis. “We have now started to deploy capital in the United States, are remaining active in M&A and are in ongoing discussions with potential non-beverage CPG partners which we expect will require additional capital as we continue to execute on our growth and expansion strategy.”
(Apr 14, 2021 – HEXO / Molson JV – Truss Launch New Drinks for Summer
https://www.benzinga.com/markets/cannabis/21/04/20621085/molson-coors-hexo-cannabis-jv-truss-beverage-to-launch-six-new-products-this-summer
(Apr 8, 2021) HEXO’s Partner Molson Coors Nominates Julia M. Brown as an Independent Director to Join Its Board of Directors
https://ir.molsoncoors.com/news/press-release-details/2021/Molson-Coors-Nominates-Julia-M.-Brown-as-an-Independent-Director-to-Join-Its-Board-of-Directors/default.aspx
Note: As outlined in the news out from Molson, Mrs. Brown has been previously employed with Mars-Wrigley as well as Kraft Foods.
(Apr 6, 2021) – HEXO Launches Bake Sale – New Cannabis Baking Flower
https://www.globenewswire.com/news-release/2021/04/06/2204803/0/en/HEXO-launches-first-of-its-kind-Bake-Sale-value-brand.html
(Mar 26, 2021) – HEXO CFO Trent McDonald Hosts Reddit Ask-Me-Anything (AMA) Session
https://www.reddit.com/r/TheCannalysts/comments/m8rljy/hi_this_is_trent_macdonald_cfo_of_hexo_corp_ill/
Note: Trent addressed a number of topics from US Expansion to what a US Strategy would look like. He also noted how undervalued the stock is in relation to others in the industry based on sales (this compares to share count vs sales dollars, PS-Ratio math helps explain what he is referring to)
(Mar 18, 2021) – HEXO Reports 2021 Q2 Results
https://www.globenewswire.com/news-release/2021/03/18/2195226/0/en/HEXO-Corp-announces-positive-adjusted-EBITDA-and-94-increase-in-net-revenue-from-prior-year.html
Note: HEXO Achieved positive adjusted EBITDA, along with the seventh consecutive quarter of adjusted EBITDA improvement. This is a milestone yet to be achieved by Canopy Growth or Aurora Cannabis
(Mar 18th, 2021) HEXO - Earnings Call Transcript (2021 Q2 Report)
https://news.alphastreet.com/hexo-corp-hexo-q2-2021-earnings-call-transcript/
(Feb 22, 2021) – HEXO and Namaste Tech Sign Agreement for New Product Releases
https://www.globenewswire.com/news-release/2021/02/22/2179988/0/en/Namaste-Technologies-Subsidiary-CannMart-Signs-National-Supply-Agreement-with-HEXO.html
(Feb 2, 2021) - HEXO Book Launch
https://obj.ca/article/local/book-excerpt-billion-dollar-start
(Jan 13, 2021) Truss CBD USA, a HEXO Corp and Molson Coors joint venture, launches Veryvell sparkling CBD water in Colorado
https://www.globenewswire.com/news-release/2021/01/13/2158006/0/en/Truss-CBD-USA-a-HEXO-Corp-and-Molson-Coors-joint-venture-launches-Veryvell-sparkling-CBD-water-in-Colorado.html
(Jan 1, 2021) Link to Molson / Dwyane Johnson "The Rock" Partnership
https://www.msn.com/en-us/money/smallbusiness/dwayne-the-rock-johnson-partners-with-molson-coors-for-nonalcoholic-energy-drink/ar-BB1cEP6r
News from 2020 and Earlier
(Dec 22, 2020) HEXO News Release Referencing the No Need to Raise Additional Capital (HEXO Corp Announces Lapse of Base Shelf Prospectus)
https://www.globenewswire.com/news-release/2020/12/22/2149236/0/en/HEXO-Corp-Announces-Lapse-of-Base-Shelf-Prospectus.html
Taken From Above News Release:
“In light of our solid financial position, and most notably our excellent liquidity and cashflow position, we do not see the need to conduct further rounds of financing in the near future.”
(Dec 23, 2020) – HEXO Completes 4:1 Stock Consolidation.
HEXO consolidated shares at a ratio of 4:1 on Dec 23, 2020 in order to comply with NYSE minimum listing requirements. This occurred during Covid while the entire Cannabis Sector was largely being ignored due to the pandemic.
NOTE: HEXO now has one of the lowest outstanding share counts among major players within the Cannabis Sector
(July 2020) HEXO established a Medical Cannabis Supply contract with Israel
Link to HEXO NR on Israel Supply Agreement
https://www.globenewswire.com/news-release/2020/07/09/2059798/0/en/HEXO-launches-medical-cannabis-products-in-Israel.html
(Sept 9, 2020) Link to Molson / Coke Deal
https://www.msn.com/EN-US/money/companies/molson-coors-to-bring-coke-s-alcoholic-topo-chico-to-u-s/ar-BB19xmoa
(Oct 31, 2019) Molson Coors drops ‘Brewing Co’ from its name as it looks beyond beer
https://www.cnbc.com/2019/10/31/molson-coors-drops-brewing-co-from-its-name-as-it-looks-beyond-beer.html#:~:text=Molson%20Coors%20Brewing%20Company%2C%20one%20of%20the%20world%E2%80%99s,name%20will%20shift%20to%20%E2%80%9CMolson%20Coors%20Beverage%20Company.%E2%80%9D
Taken From Above News Release:
Molson Coors Brewing Company, one of the world’s largest brewers, is to rename itself in an effort to “expand beyond beer.”
Louisa Osmond, a professor of marketing at Edinburgh Business School said the name change will let Molson Coors adapt to consumers’ changing tastes.
Research Links:
HEXO - Price to Sales Ratio Data
https://ycharts.com/companies/HEXO.TO/ps_ratio
HEXO Daily Shareprice Data
https://ca.finance.yahoo.com/quote/HEXO.TO/history/
HEXO - Investor Relations Homepage - Quarter Reports (Also see www.sedar.com for more details)
https://www.hexocorp.com/investors/
Disclaimer:
Stockhouse User Quinlash holds positions in HEXO and recommends HEXO as a BUY and HOLD stock for investors seeking a cannabis play with US Exposure and have a minimum of a 1 to 2 year hold time.