Keeler wrote: a rough time for queertard - first it was his beloved SSL who was apprently terminated for grotesque incompetence.
Queentard then fell in love with Scott Cooper 'an executive from Molson Coors'. I wondered from day one that it was hard to see how a beer salesman, who had never even been in a cannabis greenhouse or production facility, was the man to tiurn Hexo around. Especially when Truss is a stand alone company operating in the Bbellevilee facility that Hexo is moving out of.
So - first, queentard has to take down the SSL posters in his bedroom THEN he has to find new ones of Scott Cooper - and before the sticky tack has a chance to dry, BOOM, Cooper is out after 6 months!
NOW, where in the heck is queertard supposed to find posters of this Bowman guy?
Emergency meeting of the Giggly Girls Club at the sleepover at queertard's aprtment tonight to discuss.
And what the heck kind of name if 'Ivancsits' - I say ivansits on the toilet a lot after he sees how bad Hexo's books are.
"Here in Canada, the embattled Hexo Corp. (HEXO) added one cent to 52 cents on 7.37 million shares, after announcing a "leadership transition." Scott Cooper is stepping down as president and chief executive officer, after just six months on the job. So is acting chief financial officer Curtis Solsvig, after just three months. Succeeding them will be new president and CEO Charlie Bowman and new CFO Julius Ivancsits.
Neither departure seemed to surprise investors. Starting with Mr. Solsvig, he never intended to stay long as CFO, merely to keep things running while Hexo looked for a permanent candidate. His arrival in January came shortly after Hexo said goodbye to former CEO Trent MacDonald in December, as it grappled with severe debt challenges and a plunging share price (which has fallen to 52 cents from last year's high of $14). Tilray Inc. (TLRY: $6.40) subsequently offered a financial lifeline, but with plenty of strings attached. Incoming CFO Mr. Ivancsits still has a long road ahead of him at Hexo. Fortunately, as the former CFO of specialty alternative lender Goba Capital, he is (according to Hexo) "well versed in corporate turnarounds."
Mr. Cooper has had an even rockier time at Hexo. He arrived in October to replace co-founder and former CEO Sebastian St-Louis. Earlier that month, Hexo's board had received a scathing letter about Mr. St-Louis from activist shareholder Adam Arviv. Mr. St-Louis left shortly after the letter, though Hexo denied that the two events were related. It then brought in Mr. Cooper, an executive with Molson Coors, with which Hexo owns the Truss beverage joint venture. Then it turned out that Mr. Arviv did not like him either. In early February, after Mr. Arviv launched a proxy fight, he told the media that he wanted to see a new CEO because he had "no confidence in Scott Cooper." The proxy fight ended in a compromise in late February. For Mr. Cooper, however, the reprieve was apparently short-lived.
Incoming president and CEO Mr. Bowman will now "lead Hexo in the future," as he grandly proclaimed today. He first came to Hexo in February, 2021, as its managing director of U.S. operations (mainly the U.S. arm of Truss). He also became acting chief operating officer after former COO Donald Courtney resigned amid the broader shake-up last October. Before Hexo, Mr. Bowman held senior roles at consumer goods and specialty ingredient companies, such as Solix Algredients, Solazyme and CP Kelco.