quinlash wrote: No time today to make all the links "clickable" so readers will need to do to the old "copy and paste" thing until I can further update the post.
Foreword: The following summary has been compiled using HEXO Corp press releases as well as Press Releases from HEXO JV Companies (Truss Beverages and TrussCBDusa). Relative Press Releases from HEXO’s Partners; Molson-Coors and Tilray Brands are also included as well as interviews from the various Corporate CEOs. Every effort has been made to ensure the accuracy and completeness of this post regarding HEXO Corp. Revisions are made as news develops or errors and omissions are discovered. As always, ensure you Do Your Own Due Diligence (DYODD) including a in-dept review of the Company’s financial details.
HEXO Corp Summary (Nov 19, 2022 Edition)
Originally incorporated under the name of Hydropothecary Corporation in 2013, HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. HEXO serves the Canadian recreational market with a brand portfolio including HEXO, Redecan, UP Cannabis, Namaste, Original Stash, 48North, Trail Mix, Bake Sale, RE-UP and Latitude brands and the medical market under HEXO medical cannabis. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with millions of sq. ft of facilities in Ontario, Quebec and New Brunswick.
Since the summer of 2021 HEXO Corp has been rumored to be holding a signed Fortune 200 CPG supply agreement with the company’s Investor Relations Group noting that HEXO Corp is under a non-disclosure agreement which is preventing it from making any public comment on the subject. This rumor initiated from a interview with the Former CEO (SSL) that took place at a Cannabis Convention and was broadcasted on YouTube. In the interview the Former CEO noted the Fortune 200 Partner is a branded company, one which everyone would have in their cupboards and be familiar with. Speculation on who this partner is varies from Kellogg’s to Kraft Foods as well as Mondolez (the maker of Oreo Cookies and other snack foods). Since this time further comments from HEXO Corp Investor Relations noted that all “non-core” activities are on hold. It is unknown as to when more details will be made available.
The company has supply agreements in place with Israel, South Africa and Australia. Expansion into Germany and other parts of Europe are currently expected to proceed in partnership with Tilray Brands. HEXO MD&A documents note plans by the two companies to work together for market expansion in Portugal through Tilray’s existing facilities within the region.
HEXO formed two Joint Ventures with Molson-Coors to produce and sell both CBD and THC infused drinks, these products were available across both Canada as well in 26 US States. News was made available via an article on Nov 17, 2022 indicating that Molson would be placing the US Joint Venture on pause as of Dec 31 of 2022 while maintaining drink sales within Canada. The US drink venture was noted as being possibly resumed if progress is made on US Legalization.
To help position the company for US Legalization, HEXO Corp acquired a facility in Fort Collins Colorado which will eventually be online for both CBD and THC production. HEXO expects to work with US MSOs to produce their products using the “Powered by HEXO” service offering.
During 2021 HEXO Corp acquired three companies: Zenabis Global, 48-North and then finally Redecan. Zenabis and 48-North were acquired through issuing shares while Redecan was a combination of cash and shares.
In response to an Activist Investor HEXO Corp Management was changed in November of 2021 with the Founding Father and CEO of the company Sebastian Saint Louis (aka SSL) being replaced by Scott Cooper. Scott originally came from HEXO’s Partner Molson Coors and has been instrumental in HEXO Corps cost cutting and product optimization efforts. In April of 2022 investors were notified that the HEXO USA CFO Charlie Bowman would be taking over the role of HEXO Corp. CEO.
In the time following the change of HEXO shifted focus away from aggressive growth to one of cost management and addressing the debt brought on by the 2021 acquisitions. Cost reduction efforts have included the sale of redundant and unnecessary facilities, reduction in headcount and the consolidation of operations with Tilray Brands as part of their announced Partnership. Management noted a shift away from slower selling / lower margin products to focus on SKUs that move more quickly and provide better profit margins. Press Releases from the company note plans for a Joint Venture between Tilray Brands and HEXO Corp.
In August of 2022 the Company reported closing a deal with Tyson 2.0 Brands to be the sole manufacturer and distributer for the Tyson 2.0 products within Canada. Products were noted as being made available to select Canadian Provinces in Nov of 2022. The Tyson 2.0 products can now be located on the www.leafly.ca website by searching out Ric Flair Drip. Later in November HEXO Corp announced another 3-year supply agreement with Entourage Health Corp in which they will be providing assorted products for the medical market including gel caps and pre-rolls.
HEXO Corp’s Partner, Molson-Coors holds multiple partnerships with Coke as well as an agreement with Dwayne Johnson “The Rock” to produce the Zoa Energy Drink product line. At this time there is no tangible evidence to conclusively say if either of these partnerships will, or will not, be expanded to include the production of Cannabis Infused drinks. Pepsi Co has been noted as producing Cannabis drinks in Germany however no such endeavors are on record for Coca-Cola outside of their discussions with Aurora Cannabis back in 2018 where Cannabis infused drinks was reported as the topic of interest for the soft drink giant.
HEXO Corp’s most recent Quarter Report was issued on Oct 31, 2022, this being the 2022 Fiscal Year-end / Q4. The report reflects progress made by the new management team with the next report being due no later than Dec 15th, 2022
Highlights of Oct 31, 2022 QTR Report (Fiscal 2022 Year End / Q4)
- HEXO recorded net revenue in FY22 of $191.1 million, up from $123.8 million from the fiscal year ended July 31, 2021 (“FY21”). (Note: 55% increase in YoY net sales)
- The Company recorded an Adjusted EBITDA loss of ($7,467) in Q4’22, an improvement of $10,870, from Q3’22, and an improvement of $3,281 from the fourth quarter of FY21 (“Q4’21”).
- HEXO closed the Tilray transaction, amending the terms of the Senior Secured Convertible Notes and reducing the associated liquidity and dilution pressures under the previous debt structure.
- HEXO recorded Q4’22 net revenue of $42.5 million, an increase of 10% compared to $38.8 million in Q4’21 and a decrease of 7% compared to $45.6 million net revenue in the third quarter of FY22 (“Q3’22”).
- Q4’22 general, administrative, R&D, selling, marketing and promotion costs as percentage of net sales improved by 43% and 32%, relative to Q3’22 and Q4’21 respectively. This key ratio remained flat FY22 vs. FY21, however the Company’s size and scope increased significantly upon the acquisition of Redecan in the first quarter of FY22 (“Q1’22”).
- Total operating expenses reduced by 42%, quarter over quarter.
Current Zack’s Ranking on HEXO Corp
https://www.zacks.com/stock/quote/HEXO?q=HEXO
Company Presentations and Interviews (HEXO, TILRAY, Molson-Coors)
HEXO Virtually Rolls out New Belleville Facility
https://youtu.be/nhTKnCRhzv4
Note: Above link includes views of the extensive automation in use by HEXO Corp which enables it to produce product at such a low cost and maintain higher levels of margin. Since the video was recorded HEXO Corp has changed their location and consolidated some of their production with Tilray Brands. The drink portion of the operation (Truss JV between HEXO Corp and Molson) remains unchanged in the Belleville Facility.
HEXO Video Library Showing Inside the Operation
https://www.hexocorp.com/videos/
Powered By HEXO Summary (Patented Technology)
https://www.hexocorp.com/powered-by-hexo/?fbclid=IwAR1mcH41Fy_P3BnHaM3MXrops-atTYVY7mnRXBZIzYpbk_OZSOT2YmE4xT0
Note: This would be the business model in place between HEXO Corp. and Mike Tyson for the sale of his products within Canada as well as for the 3 year supply agreement with Entourage Health Corp.
(Oct 13, 2022) – FOX News - Tilray CEO Irwin Simon Comments on Cannabis Reform
https://video.foxbusiness.com/v/6313719961112#sp=show-clips
Notes from above Interview:
- Survey results showing high level of support for Biden’s commitment to pardon Cannabis Convictions as well as de-schedule Cannabis
- US Cannabis market size estimated at $100 Billion
Article: (Oct 11, 2022) Tilray Brands Attempted to Buy HEXO For Up To $3 Per Share In November – But Was Rejected
https://thedeepdive.ca/tilray-brands-attempted-to-buy-hexo-for-up-to-3-per-share-in-november-but-was-rejected/
(Sept 10, 2022) Tilray Chairman and CEO, Irwin D. Simon, Sends Shareholder Letter Mapping Out $4B Revenue Plan
https://www.tilray.com/tilraynews-master/2021/8/26/tilray-chairman-and-ceo-irwin-d-simon-sends-shareholder-letter-mapping-out-4b-revenue-plan
(Mar 4, 2022) Tilray Brands – HEXO Corp. Strategic Alliance Webcast (57min Video)
https://youtu.be/gbx1md3Fzr0
Notes from above audio recording (min:sec)
Tilray CEO Irwin Simon, HEXO CEO Scott Cooper
- Tilray / HEXO Representing Number 1 and Number 2 Cannabis LPs within Canada
- US and International Market Expansion
- Possible future equity stake in HEXO Corp
- Every $1 increase in HEXO Corp represents $200 Million increase in value to Tilray Purchasing HEXO debenture notes for 95%,
- Debenture Notes extended out to 2026
- (6:15) Tilray will Form Joint Venture with HEXO Corp
- (7:00) Call switches to HEXO CEO Irwin Simon
- HEXO Goals to minimize dilution to existing HEXO Shareholders and de-risk the balance sheet
- (8:10) Key Goals Noted for balance sheet optimization
- Deleveraging: Tilray will purchasing notes at 95 cents on the dollar vs High Trail redeeming notes at $1.20 on the dollar, Removal of monthly redemption
- Deals unlocks $80 Million cash for the company to use for the operation
- $180 Million provided by Kaos with $5 Million cash per month available
- Savings $50 Million over 2 years of deal closing
- Both companies will share expertise to innovate new products and brand building and growth
- HEXO to pay settlement to High Trail paid in shares
- (11:50) CEO of Tilray resumes presenting for Q and A
- Tilray will share with investors which cost savings are implemented, examples provided included potentially moving edibles and drinks to HEXO facilities. Comments also included savings for both companies on cost of insurance.
- (22:30) Tilray $4 Billion Plan, CEO comments on making this goal with or without US Legalization. Germany, France and Italian legalization, comments on Hemp Market.
- (27:15) Tilray CEO sees Pre-rolls, Drinks and Edibles as getting Bigger and Bigger
- (42:50) If HEXO Stock goes back to $5 where it has been it’s worth $1 Billion to Tilray
- (43:40) Nothing in the agreement that stops Tilray from going to 51% or 100% stake in HEXO Corp
- (54:20) Closing Comments by Tilray CEO, looking to change 3 year old industry in Canada and waiting on Europe, industry is $100 Billion Market, will be a big industry, positions within HEXO and Medmen. Good foothold in Europe.
- (56:10) Closing Comments by HEXO CEO, Scott Cooper; Tilray deal provides the liquidity needed and looking forward to the closing of the deal.
(Mar 4, 2022) BNN Bloomberg Interview with Tilray CEO Regarding HEXO Deal (5:50 Mins)
https://www.bnnbloomberg.ca/tilray-strikes-deal-with-hexo-to-buy-211m-in-debt-launch-joint-venture-1.1731864
Comments Tilray CEO Irwin Simon:
- $200 Million in convertible notes purchased at .95 cents on the dollar, 10% interest to be paid by HEXO
- Canada can grow to $10 Billion Dollar Industry
- Tilray protected with HEXO Assets
- Tilray to get $20 Million annual Interest in deal
- Not counting on Biden administration getting Cannabis Legalization done
(Mar 3, 2022) Tilray + HEXO Partnership Presentation
https://staticproduction.s3.amazonaws.com/financial-statements/2022/TILRAY+BRANDS_HEXO_Investor+Presentation+(March+2022)_VFinal.pdf?fbclid=IwAR2hxFc3ciFT_9LymLJ_iUVczsQRk5gNHo4PjklpEWsYMrQeCUXWNHOTjMI
Key notes from above Presentation
- Notes $50 Million of commercial benefits within 2 years
- Conversion rate of .90CDN per note
- Frees $80 Million of restricted cash to HEXO Corp
- Joint Venture to be formed
(Jan 18, 2022) Revised Investors Deck – THE PATH FORWARD
https://www.hexocorp.com/investors/
Note: Above Presentation notes expansion of high-margin product production increasing to as much as 300% and illustrates the location of each of the international supply agreements in place. This presentation was created in HEXO’s 2022 QTR 1 with a revised Investor’s Deck expected to be provided prior to end of Calendar 2022.
(Oct 5, 2021) – AGP’s Virtual Fall Consumer MJ Conference Interview (Former HEXO CEO, SSL)
https://www.youtube.com/watch?v=NEt8irlPLgU&t=612s
Notes from above Interview (min:sec)
- (12:30) Cannabis consumers split between very well educated on Cannabis while others know very little.
- Truss drinks (HEXO/Molson JV) represent almost half of all infused drink sales in Canada
- Sees Canadian Cannabis Marketspace valued at apx $10 Billion
- (26:30) Notes HEXO Corp invested with Keystone Isolation Technologies to combine various aspects of Cannabis into Consumer experience being sought after (eg. fast vs. slow affects, extent of affect etc)
- Number 1 in Canada for Cannabis pre-rolls with the Redecan product offering
- (34:00) Concentrates expected to be of large demand in 2022.
- (39:00) HEXO Beverages have 86% re-buy rate with consumers.
- Beverages expected to eventually make up between 10 to 15% of total Cannabis Market
(Sept 1, 2021) HEXO Announces Acquisition of Redecan (Splash Video)
https://youtu.be/zHwI9ZnNCXY
(Aug 20, 2021) – BNN Interview with Former HEXO CEO (SSL) regarding US Expansion
https://www.bnnbloomberg.ca/marijuana/video/shares-of-hexo-plunge-nearly-30-after-public-offering-news~2264114?fbclid=IwAR1vDa38XbajlpqALMW3yQJKt_eLksYkRpb9TQjKpz-6AVKhRNHtKF5xVRs
(Aug 10, 2021) Former CEO Fireside Chat at 2021 Cannacord Conference (New F-200 CPG Partner Signed)
https://youtu.be/KPlMQlLYE-g
Comments include:
- 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
- (Min 7:25) HEXO to launch with Fortune 200 Food Company
- HEXO largest Cannabis LP by sales with 1 10th the Marketcap to competitors
Additional Link -> (Jan 17, 2022) PoW Group YouTube Video showing HEXO Corp Investor Relations Confirming Fortune 200 Partnership in Place with HEXO Corp under Non-Disclosure Agreement
https://www.youtube.com/watch?v=5itQAN3B8Cc&t=3s
Note: As of October 2022 HEXO Corp Investor Relations has noted that all “non-core” business initiatives are currently on-hold, this has been confirmed by PoW Group.
(June 16, 2021) Cantor Fitzgerald Fireside Chat with Former HEXO CEO Sebastien S.L. & Former CFO Trent M.
https://www.youtube.com/watch?v=gvStRypSOpA
(June 12, 2021) Former HEXO CEO (SSL) on BNN
https://www.bnnbloomberg.ca/marijuana/video/focused-product-strategy-can-bring-us-ahead-in-the-u-s-market-hexo-ceo~2222003
Notes from above interview (min:sec):
- Growth outside of Quebec outpaced competitors 169% Growth YoY
- Expecting sales to recover in next 2 to 3 Quarters
- Hash product line potency was lowered in favor of higher volume, decision to do this was made apx 12 months prior
- Craft growers took sales away from HEXO Corp as they moved to higher THC products, consumers followed.
- Production line now retooled for higher THC has, now producing 27-30% THC product (regulatory maximum)
- Acquisitions made by HEXO Corp will allow new prototype products to be tested without impacting other product lines
- 100 Strain Plan in the works (100+) providing “newest” and variety
- Just in Time Inventory system for bulk orders (Configure to order) turn around of 5 days targeted
- Redecan deal of $925 Million CDN noted as considerably low by analysts
- 1.4 Billion CDN Dollar offer rejected by Redecan in favor of HEXO Corp deal
- HEXO Corp noted as #1 in Recreational Market Share with top spots for the following product lines; Flower, Hash, Pre-rolls, Oils, Gel Caps and Topicals
- HEXO Corp producing some of higher Gross Margins in Industry
- Redecan audit still outstanding (at time of interview)
- HEXO Corp not looking to compete with US MSOs but rather help
- First US Production facility purchased
- Expecting CDN market to be valued at apx $8 Billion
(June 11, 2021) Interview with Former HEXO CEO (SSL) (PoW Video)
https://www.youtube.com/watch?v=MBOiRu7Z15Y
Comments include:
- HEXO already in the US and selling product
- 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
- Discussion regarding distribution of product overseas through Molson sales channels
(May 28, 2021) CNN Interview with Former HEXO CEO (SSL) Regarding Redecan Acquisition (PoW Video)
https://www.youtube.com/watch?v=Z50nIYXQRwM&t=10s
Notes from above Interview (min:sec):
- Ambition to be the “Coke” of Cannabis
(May 28, 2021) HEXO + Redecan (Splash Video) – Today HEXO is #1
https://www.youtube.com/watch?v=zHwI9ZnNCXY
Additional Link – Redecan Products carried by Shoppers Drugmart
https://cannabis.shoppersdrugmart.ca/en_CA/lps/redecan
(May 20, 2021) BMO Capital Markets 16th Annual Farm to Market Conference – Video Interview with Former HEXO CEO and CFO
https://www.youtube.com/watch?v=plKNIcTXD70&t=23s
Video Highlights (min:sec):
- Expansion of product line to approach larger partner
- 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
- 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 Former HEXO CEO + CFO (PoW Video)
https://www.youtube.com/watch?v=oFFW1D7ZMyk&t=171s
Video Highlights (min:sec):
- HEXO Corp in Top 3 Spot post-acquisitions
- Brand Building critical, starting to see consumers shop by brand
- Q2 Highlight Noted: $32 Mil Net Record Sales 94% Increase YoY
- Positive Adjusted EBITDA achieved
- 2nd Largest portfolio of IP within the industry
- “Powered By HEXO” strategy explained – Part of Canadian/US/Global Expansion Strategy
- To leverage Molson Coors network for expansion
- HEXO touches apx 85% of consumer occasions (products explained)
- One of lowest cost producers for flower
- Holding mid-30% margins while keeping price competitive
- HEXO holds dominate position within Quebec
- Original Stash product positioned to compete with Black Market offerings
- #1 player in Canadian market for Hash Products
- HEXO Bake Sale Product offering for cooking with Cannabis (maintaining 30% margin)
- HEXO Corp, along with Molson Coors, has #1 drink offering for Cannabis infused drinks
- Drinks now available in Colorado. Partnership being expanded to additional states
- (10:30) In advantaged stage discussions with a number of large CPG Partner (Pet Foods, cosmetics)
- Products that can legally cross the Canadian / US Border
- Expansion into functional foods (brands likely in your cupboard)
- US Expansion is a high priority
- 49% of HEXO Corp Canadian sales coming from outside of Quebec
- HEXO Built to be a top 3 Global Cannabis Brand
- HEXO focusing on 2 top board buckets, Needs States and Platform Technologies. The first being the effect on the consumer and technologies referring to how it is engineered
- (14:10) HEXO / Molson Drink Bottling facility is 188,000 sq ft
- HEXO products currently being sold in Israel
- (16:15) Interview moves to HEXO CFO Trent McDonald to discuss financial position
- (19:20) HEXO focused on operational excellence, 35-37% margin, 40% with blended international wholesale
- Use of capital deployment vs market share capture is some of the best in the industry (on top 5 basis)
- 2nd highest IP in industry
- (25:15) HEXO acquisition of Zenabis discussed. Zenabis a higher margin producer with growing sales.
2021 ICR Presentation with Former HEXO CEO (SSL) (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 former CEO comments on how HEXO has access to Molson’s relationship with Coke and Dwayne Johnson “The Rock”.
Press Releases and Articles – HEXO + Related Partners (Tilray/Molson)
NOTE: A complete list of all HEXO Corp Press Releases is located on the HEXO Homepage.
https://www.hexocorp.com/press-releases/
NOTE on New Product Releases: HEXO Corp appears to favor releasing news of New Product rollouts via LinkedIn. Investors are recommended to follow HEXO Corp on LinkedIn to be current on new Product Rollouts but to also sign up for Press Releases from their website and/or through their Brokers.
Article: USA: Molson Coors ends two joint-ventures at once
https://www.inside.beer/news/detail/usa-molson-coors-ends-two-joint-ventures-at-once/
Taken from above article:
“Should the regulatory landscape in the U.S. change, the company said it would be prepared to re-enter the space. At the time, however, the ability to scale in the category remains difficult, said Pete Marino, Molson Coors’ president of emerging growth.”
(Nov 15, 2022) – HEXO Corp Announces new 3-Year Supply Agreement with Entourage Health Corp.
https://finance.yahoo.com/news/hexo-entourage-health-sign-long-123000659.html
Taken from above press release
“Under the Supply Agreement, HEXO will provide Entourage with bulk dried cannabis and soft gel capsules, to be marketed to patients and consumers under Entourage’s family of brands. HEXO-branded products, including Gems cannabis soft gels, Redebles gummies from Redecan, and selected Redees premium pre-rolls as applicable.”
Article: (Nov 14, 2022) TYSON 2.0, Carma Holdings Reunite Iron Mike Tyson and The Real Deal Evander Holyfield in First-Ever Cannabis Business Partnership
https://www.prnewswire.com/news-releases/tyson-2-0--carma-holdings-reunite-iron-mike-tyson-and-the-real-deal-evander-holyfield-in-first-ever-cannabis-business-partnership-301676802.html
Article: (Nov 10, 2022) – HEXO Corp Begins Selling Tyson Products in Canada
https://www.marketwatch.com/story/tyson-20-sees-revenue-tripling-in-2023-and-sets-up-new-parent-company-2022-11-10?siteid=mw_zacks&fbclid=IwAR30Bw0S3STw2ILK4MstImdds77MlyD8eihs_ra8DCOMNSYY_aCjuyEeCQM
Quote from above article:
"Tyson 2.0 and Ric Flair Drip said Thursday they expect their combined revenue to climb to $160 million in fiscal 2023 from $50 million in 2022. The privately-held cannabis company co-founded b ex-boxer Mike Tyson also said it's setting up a new parent company called Carma Holdings LLC to house Tyson 2.0 as well as Ric Flair Drip, the cannabis line from pro wrestler Ric Flair. Chad Bronstein, who is co-founder and president of Tyson 2.0, will be chairman of Carma Holdings. "Carma aims to reinvent how celebrity and cannabis intersect," Bronstein said. Tyson 2.0 and Ric Flair Drip products are currently sold at more than 1,000 retailers in 40 states and select provinces in Canada through retail partners including Columbia Care Inc. CCHWF, +5.33%, Verano Holdings VRNOF, +7.76% and Hexo Corp. HEXO, +1.63%, TYSON 2.0 and Ric Flair Drip products are now sold at more than 1,000 retailers across 40 states and select provinces in Canada."
Additional Link: Tyson Products Listed within Canada Under Ric Flair Dip
https://www.leafly.ca/brands/tyson-2-0/products/tyson-2-0-ric-flair-drip-sativa-flower-flower
(Sept 6, 2022) Tilray Initiates Roundtable with German Regulators to Kick-Off Draft Legislation to Legalize Adult-Use Cannabis in Germany
https://technical420.com/cannabis-article/tilray-initiates-roundtable-with-german-regulators-to-kick-off-draft-legislation-to-legalize-adult-use-cannabis-in-germany/
(Aug 30, 2022) HEXO to Produce Mike Tyson’s New Cannabis Brand, TYSON 2.0, in Canada (Note: PR Now Removed from HEXO Corp Press Release Page)
https://www.globenewswire.com/news-release/2022/08/30/2506570/0/en/HEXO-to-Produce-Mike-Tyson-s-New-Cannabis-Brand-TYSON-2-0-in-Canada.html
Note: Through the agreement HEXO Corp will be the sole manufacturer and distributor of Tyson Products. No forward-looking statements were provided as to expected dollar value of the deal. Due to Canadian marketing rules the Tyson Products may require rebranding with the Mike’s Bites edible product potentially requiring to be reformed.
(July 27, 2022) HEXO Granted Additional 180 Calendar Day Grace Period by Nasdaq to Regain Compliance with Minimum Bid Price Rule
https://www.globenewswire.com/news-release/2022/07/27/2487248/0/en/HEXO-Granted-Additional-180-Calendar-Day-Grace-Period-by-Nasdaq-to-Regain-Compliance-with-Minimum-Bid-Price-Rule.html
Article: (Jul 26, 2022) New Hexo CEO opens up about push to overhaul cannabis business after turmoil
https://obj.ca/article/local/new-hexo-ceo-opens-about-push-overhaul-cannabis-business-after-turmoil
Taken from above article (HEXO CEO Quote):
"if there's segments where there's not money to be made, I'm not going to chase false market share or false revenue, because it doesn't add anything except cost into our infrastructure, and that's probably the biggest change."
The company is currently known for its recreational brands UP Cannabis, Original Stash, 48North, Trail Mix, Bake Sale and Redecan, but Bowman thinks there is room for Hexo to establish itself in the personal care, pharmaceutical and nutritional supplement spaces."
(July 12, 2022) HEXO Completes Transactions with Tilray Brands, Creating a Strategic Alliance Between Two Canadian Cannabis Leaders
https://www.globenewswire.com/news-release/2022/07/12/2478534/0/en/HEXO-Completes-Transactions-With-Tilray-Brands-Creating-a-Strategic-Alliance-Between-Two-Canadian-Cannabis-Leaders.html
Taken from above press release
“Refinancing our balance sheet and funding future growth has been a top priority,” said Julius Ivancsits, CFO of HEXO Corp. “Finalizing this agreement accomplishes both objectives, placing HEXO on solid financial footing and increasing shareholder value.”
“This is a unique opportunity to realize our vision of building Canada’s leading cannabis alliance,” noted Irwin D. Simon, Chairman and CEO of Tilray Brands. “The partnership will create substantial synergies and commercial benefits, as well as allowing us to capitalize on our respective strengths in product innovation, accelerating growth across global markets.”
(July 5, 2022) HEXO Corp.’s Shareholders Approve Note Transaction with Tilray Brands
https://www.globenewswire.com/news-release/2022/07/05/2473857/0/en/HEXO-Corp-s-Shareholders-Approve-Note-Transaction-with-Tilray-Brands.html
(June 17, 2022) HEXO Acknowledges Zenabis Group CCAA Filing
https://www.globenewswire.com/news-release/2022/06/17/2464601/0/en/HEXO-Acknowledges-Zenabis-Group-CCAA-Filing.html
(June 16, 2022) Veryvell expands CBD beverage sales to 24 states, including in retail stores in NY, NJ
https://www.molsoncoorsblog.com/veryvell-expansion
Note: According to the TrussCBDusa website the products are now available for online order to 26 US States.
(June 15, 2022) HEXO Corp.’s Shareholders Approve Standby Commitment Transaction
https://www.globenewswire.com/news-release/2022/06/15/2463504/0/en/HEXO-Corp-s-Shareholders-Approve-Standby-Commitment-Transaction.html
(June 14, 2022) HEXO Enters Into Amending Agreements to the Transaction Agreement With Tilray Brands and the Standby Agreement With KAOS
https://www.globenewswire.com/news-release/2022/06/14/2462111/0/en/HEXO-Enters-Into-Amending-Agreements-to-the-Transaction-Agreement-With-Tilray-Brands-and-the-Standby-Agreement-With-KAOS.html
Note: KAOS has agreed to provide $180 Million in cash to HEXO Corp in exchange for shares on an as-needed basis.
(May 11, 2022) HEXO To File Management Information Circular Seeking Shareholder Approval for Its New Debt Financing Arrangements and Equity Purchase Agreement
https://www.globenewswire.com/news-release/2022/05/11/2440656/0/en/HEXO-To-File-Management-Information-Circular-Seeking-Shareholder-Approval-for-Its-New-Debt-Financing-Arrangements-and-Equity-Purchase-Agreement.html
(May 3, 2022) HEXO Launches New At-the-Market Offering
https://www.globenewswire.com/news-release/2022/05/03/2434719/0/en/HEXO-Launches-New-At-the-Market-Offering.html
Taken from above press release
"The ATM program replaces the “at-the-market” offering of Common Shares in Canada and the United States having an aggregate sale price of up to CAD$150,000,000 (the “Previous ATM Offering”) pursuant to the equity distribution agreement dated May 11, 2021 (the “Previous ATM Agreement”) between the Company and BMO Nesbitt Burns Inc. as Canadian agent and A.G.P./Alliance Global Partners and BMO Capital Markets Corp. as United States agents (the “Previous ATM Agents”), which was terminated effective April 11, 2022."
(April 29, 2022) - HEXO Announces Leadership Transition; Company Appoints Charlie Bowman as Chief Executive Officer and Julius Ivancsits as Chief Financial Officer
https://www.globenewswire.com/news-release/2022/04/29/2432639/0/en/HEXO-Announces-Leadership-Transition-Company-Appoints-Charlie-Bowman-as-Chief-Executive-Officer-and-Julius-Ivancsits-as-Chief-Financial-Officer.html
Taken From Above News Release
GATINEAU, Quebec, April 29, 2022 (GLOBE NEWSWIRE) -- HEXO Corp ("HEXO" or the "Company") (TSX: HEXO; NASDAQ: HEXO) today announced that Charlie Bowman has been appointed the Company’s acting President and Chief Executive Officer, effective today. Mr. Bowman will move into a permanent role upon the successful completion of Health Canada’s security clearance process for key personnel, which has been initiated. Concurrently, Scott Cooper is stepping down from his role as HEXO’s President and Chief Executive Officer.
(Apr 21, 2022) HEXO Provides Update on Strategic Plan; Announces Changes to Further Streamline Operations on Path to Becoming Cash Flow Positive From Operations
https://www.globenewswire.com/news-release/2022/04/21/2426912/0/en/HEXO-Provides-Update-on-Strategic-Plan-Announces-Changes-to-Further-Streamline-Operations-on-Path-to-Becoming-Cash-Flow-Positive-From-Operations.html
(Apr 12, 2022) HEXO Enters Into Definitive Agreement With Tilray Brands to Create a Strategic Alliance Between Two Canadian Cannabis Leaders
https://www.globenewswire.com/news-release/2022/04/12/2420961/0/en/HEXO-Enters-Into-Definitive-Agreement-With-Tilray-Brands-to-Create-a-Strategic-Alliance-Between-Two-Canadian-Cannabis-Leaders.html
Taken from Above Press Release
GATINEAU, Quebec, April 12, 2022 (GLOBE NEWSWIRE) -- HEXO Corp. (TSX: HEXO; NASDAQ: HEXO) ("HEXO" or the “Company"), a leading producer of high-quality cannabis products, today announced that the Company has taken a significant step forward in executing on its strategic plan - The Path Forward - by entering into definitive agreements with Tilray Brands, Inc. (“Tilray Brands”) (Nasdaq | TSX: TLRY), as well as entering into a definitive equity purchase agreement (the “Standby Agreement”) with an affiliate of KAOS Capital Inc. (the “Standby Party”), further to the Company’s press release of March 3, 2022. Closing of the transaction with Tilray Brands and the Standby Agreement is expected to occur by the end of May 2022, subject to the satisfaction or waiver of closing conditions.
(Apr 12, 2022) Tilray Brands Announces Definitive Agreement with HEXO Corp. Related to HEXO’s Senior Secured Convertible Note
https://www.tilray.com/tilraynews-master/2022/4/12/tilray-brands-announces-definitive-agreement-with-hexo-corp-related-to-hexos-senior-secured-convertible-note
(Apr 5, 2022) TILRAY - Solei Brand Launches the First Cannabis Edible Available in Quebec
https://ir.tilray.com/news-releases/news-release-details/solei-brand-launches-first-cannabis-edible-available-quebec
(Mar 14, 2022) HEXO Announces High Trail Waives Event of Default Under Secured Note
https://www.globenewswire.com/news-release/2022/03/14/2402416/0/en/HEXO-Announces-High-Trail-Waives-Event-of-Default-Under-Secured-Note.html
(Mar 9, 2022) HEXO Announces Election of Directors
https://www.globenewswire.com/news-release/2022/03/09/2399844/0/en/HEXO-Announces-Election-of-Directors.html
(Mar 3, 2022) Truss Beverage Co. Announces Dave Schlosser as President & CEO
https://www.globenewswire.com/news-release/2022/03/03/2396005/0/en/Truss-Beverage-Co-Announces-Dave-Schlosser-as-President-CEO.html
(Mar 3, 2022) HEXO and Tilray Brands Agree to Create Strategic Alliance Bringing Together Two Canadian Cannabis Leaders
https://www.globenewswire.com/news-release/2022/03/03/2396090/0/en/HEXO-and-Tilray-Brands-Agree-to-Create-Strategic-Alliance-Bringing-Together-Two-Canadian-Cannabis-Leaders.html
(Mar 3, 2022) (Tilray Press Release): Tilray Brands Announces Proposed Agreement for Strategic Alliance with HEXO Corp.
https://ir.tilray.com/news-releases/news-release-details/tilray-brands-announces-proposed-agreement-strategic-alliance
Note: This agreement is noted as a Partnership with a future Joint Venture being referred to. Through this agreement HEXO Corp and Tilray consolidate some aspects of production and product development. Tilray takes on a large portion of HEXO Corp’s outstanding debt tied to the 2021 acquisitions executed by prior management.
(Feb 22, 2022) HEXO Announces Refreshed Board of Directors; Reaches Agreement with Adam Arviv
https://www.globenewswire.com/news-release/2022/02/22/2389512/0/en/HEXO-Announces-Refreshed-Board-of-Directors-Reaches-Agreement-with-Adam-Arviv.html
(Feb 9, 2022) HEXO Provides Update on "The Path Forward"; Identifies $15 Million in Cost Savings
https://www.globenewswire.com/news-release/2022/02/09/2382196/0/en/HEXO-Provides-Update-on-The-Path-Forward-Identifies-15-Million-in-Cost-Savings.html
Note: HEXO’s Corporate Presentation regarding the Path Forward was last updated during fiscal 2022 Q1 and is expected to be updated again by end of Calendar Year 2022 (post 2022 Q4).
(Jan 31, 2022) HEXO Provides Nasdaq Listing Update
https://www.globenewswire.com/news-release/2022/01/31/2375586/0/en/HEXO-Provides-Nasdaq-Listing-Update.html
Note: HEXO Corp is listed on the Canadian TSX as well as the US NASDAQ. The NASDAQ has a minimum share price requirement of $1 USD which the company is not currently in compliance with. The company has until January 25, 2023 to either see their share price back at $1 USD or they will be required to consolidate the shares in order to do so. The company has indicated that they will consider a maximum consolidation ratio of 14:1 however also noted that a consolidation would not be necessary if the share price reaches the required price point.
(Jan 25, 2022) Molson Coors Enters Exclusive Agreement with The Coca-Cola Company to Launch New Brand Inspired by Simply® Juices in the Alcohol Aisle
https://ir.molsoncoors.com/news/news-details/2022/Molson-Coors-Enters-Exclusive-Agreement-With-The-Coca-Cola-Company-to-Launch-New-Brand-Inspired-by-Simply-Juices-in-the-Alcohol-Aisle/default.aspx
(Jan 25, 2022) HEXO Provides Update on "The Path Forward"; Maintains #1 Position in Canada and Announces Redecan Product and Market Expansion
https://www.globenewswire.com/news-release/2022/01/25/2372590/0/en/HEXO-Provides-Update-on-The-Path-Forward-Maintains-1-Position-in-Canada-and-Announces-Redecan-Product-and-Market-Expansion.html
(Jan 5, 2022) HEXO Announces the Appointment of a New Board Member and Acting CFO
https://www.globenewswire.com/news-release/2022/01/05/2361654/0/en/HEXO-Announces-the-Appointment-of-a-New-Board-Member-and-Acting-CFO.html
(Dec 14, 2021) HEXO Announces Appointment of John K. Bell as Chair of Board of Directors
https://www.globenewswire.com/news-release/2021/12/14/2351475/0/en/HEXO-Announces-Appointment-of-John-K-Bell-as-Chair-of-Board-of-Directors.html
(Nov 19, 2021) HEXO Announces Changes to its Board of Directors
https://www.globenewswire.com/news-release/2021/11/19/2338110/0/en/HEXO-Announces-Changes-to-its-Board-of-Directors.html
(Nov 9, 2021) HEXO Provides Integration Update
https://www.globenewswire.com/news-release/2021/11/09/2330623/0/en/HEXO-Provides-Integration-Update.html
Note: The above News Release details the disposal of facilities and staff reductions found to be unnecessary to fulfill the companies longer term business objectives.
(Nov 4, 2021) Redecan Expands Their Redees Line-Up with New Strains, More Bud and Holiday Spirit
https://www.newswire.ca/news-releases/redecan-expands-their-redees-line-up-with-new-strains-more-bud-and-holiday-spirit-863314732.html?s=09&fbclid=IwAR1cY2JiuwvNCKZGdV4EOAXqPG2PT1qVuvmgDCh1hcR6Y5j1lyNKD-yqpSU
(Nov 1, 2021) Truss Beverage Co. Expands into Partnerships with First Collaborative Brand, Bedfellow Liquid Arts
https://www.globenewswire.com/news-release/2021/11/01/2324132/0/en/Truss-Beverage-Co-Expands-into-Partnerships-with-First-Collaborative-Brand-Bedfellow-Liquid-Arts.html?fbclid=IwAR0keDYn6Wqgsopq4MdeHmcocP72l9l8Hhevc7xu-4wL4V2vkE85GQH3O2A
(Oct 20, 2021) HEXO Announces Scott Cooper as President & CEO
https://www.globenewswire.com/news-release/2021/10/20/2317236/0/en/HEXO-Announces-Scott-Cooper-as-President-CEO.html
(Oct 12, 2021) Molson Coors and The Coca-Cola Company Expand Offering to Bring Topo Chico Hard Seltzer® to Canada
https://www.newswire.ca/news-releases/molson-coors-and-the-coca-cola-company-expand-offering-to-bring-topo-chico-hard-seltzer-r-to-canada-855571416.html
Additional Link (Article) – (Oct 11, 2021) Molson Coors, HEXO Corp Serve Up CBD Sparkling Water in More U.S. States
https://www.nutraingredients-usa.com/Article/2021/10/11/Molson-Coors-Hexo-Corp-serve-up-CBD-sparkling-water-in-more-states
(Oct 6, 2021) Truss CBD USA, A Molson Coors and HEXO Corp Joint Venture, Expands Veryvell™ CBD Beverages Semi-Nationally in U.S.
https://www.prnewswire.com/news-releases/truss-cbd-usa-a-molson-coors-and-hexo-corp-joint-venture-expands-veryvell-cbd-beverages-semi-nationally-301393497.html
(Sept 16, 2021) HEXO Achieves Carbon Neutrality
https://www.globenewswire.com/news-release/2021/09/16/2298232/0/en/HEXO-Achieves-Carbon-Neutrality.html
(Sept 15, 2021) HEXO to participate in Citi’s 5th Annual Consumer Disruptive Growth Conference
https://www.globenewswire.com/news-release/2021/09/15/2297316/0/en/HEXO-to-participate-in-Citi-s-5th-Annual-Consumer-Disruptive-Growth-Conference.html
(Sept 1, 2021) HEXO and 48North announce closing of arrangement
https://www.globenewswire.com/news-release/2021/09/01/2289876/0/en/HEXO-and-48North-announce-closing-of-arrangement.html
(Aug 30, 2021) HEXO announces closing of Redecan transaction
https://www.globenewswire.com/news-release/2021/08/30/2288543/0/en/HEXO-announces-closing-of-Redecan-transaction.html
(Aug 24, 2021) HEXO Corp. Closes US$144.8 Million Underwritten Public Offering
https://www.globenewswire.com/news-release/2021/08/24/2285933/0/en/HEXO-Corp-Closes-US-144-8-Million-Underwritten-Public-Offering.html
(Aug 25, 2021) HEXO Corp.’s Shareholders Overwhelmingly Approve Redecan Transaction and Senior Secured Convertible Note Financing Share Reserve
https://www.globenewswire.com/news-release/2021/08/25/2286658/0/en/HEXO-Corp-s-Shareholders-Overwhelmingly-Approve-Redecan-Transaction-and-Senior-Secured-Convertible-Note-Financing-Share-Reserve.html
(Aug 24, 2021) HEXO to Begin Trading on the Nasdaq (Move from NYSE)
https://www.globenewswire.com/news-release/2021/08/24/2285373/0/en/HEXO-to-Begin-Trading-on-the-Nasdaq.html
(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
(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
Additional Link: News Article Showing the Actual Facility
https://www.affinityrepartners.com/hexo-usa-acquires-industrial-condos/
Additional Link: (MJ Biz Daily) – Notes on cost of purchase as well as upgrades
https://mjbizdaily.com/Canadian-cannabis-producer-hexo-to-enter-us-with-colorado-production-facility/
NOTE: The purchase of the facility is noted as being apx $6 Million with upgrades expected to cost in the range of $16.5 to $49.5 Million.
(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
Note: As per the 2021 Year end MD&A Report, HEXO Corp entered into an agreement with Offsetters, a Vancouver-based organization that supports renewable energy and carbon projects across the world, and became carbon neutral in September 2021, as well as offseting 100% of the Company’s operational carbon emissions in addition to the personal emissions of our 1,200 employees.
(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 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/
(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."
Note: REQ has worked with such companies as eBay, MasterCard and Amazon.
Direct Link to REQ Marketing Website (Companies they have worked with)
https://req.co/work/featured-work
(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
Note: As outlined in the news out from Molson, Mrs. Brown has been previously employed with Mars-Wrigley as well as Kraft Foods.
(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
(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)
(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 16, 2021) HEXO Corp. to acquire Zenabis Global Inc.
https://www.globenewswire.com/news-release/2021/02/16/2176435/0/en/HEXO-Corp-to-acquire-Zenabis-Global-Inc.html
(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 12, 2021) Dwayne ‘The Rock’ Johnson partners with Molson Coors for nonalcoholic energy drink
https://www.msn.com/en-us/money/smallbusiness/dwayne-the-rock-johnson-partners-with-molson-coors-for-nonalcoholic-energy-drink/ar-BB1cEP6r
Financials and Quarter Reports
Foreword: Please visit the HEXO homepage and / or www.Sedar.com for detailed information. HEXO’s 2023 Q1 Report is due no later than Dec 15th, 2022.
Most Recent Quarter Report:
(Oct 31, 2022) - HEXO Reports Q4’22 and FY22 Financial Results - Organizational reset strengthened the business and has positioned HEXO for long-term success
https://www.globenewswire.com/news-release/2022/11/01/2545088/0/en/HEXO-Reports-Q4-22-and-FY22-Financial-Results.html
HEXO Corp. – Financial Statements, MDA Meeting
https://www.hexocorp.com/investors/#financial
HEXO Corp. – SEDAR Filings
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00036235
Notable News From 2020 and Earlier
(Dec 18, 2020) – HEXO Corp Announces Share Consolidation
https://www.globenewswire.com/news-release/2020/12/18/2148116/0/en/HEXO-Corp-Announces-Share-Consolidation.html
Note: 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.
(July 9, 2020) HEXO established a Medical Cannabis Supply contract with Israel
https://www.globenewswire.com/news-release/2020/07/09/2059798/0/en/HEXO-launches-medical-cannabis-products-in-Israel.html
(April 15, 2020) Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado
https://www.businesswire.com/news/home/20200415005395/en/Molson-Coors-HEXO-Corp-Expand-Partnership-Joint
Note: The above is the second of two Joint Ventures between HEXO Corp and Molson Coors for the production and sale of Hemp-Derived CBD Infused Drinks. This specific JV is for the US Market.
(Sept 29, 2020) Molson Coors to Bring Coke’s Alcoholic Topo Chico to U.S.
https://www.msn.com/EN-US/money/companies/molson-coors-to-bring-coke-s-alcoholic-topo-chico-to-u-s/ar-BB19xmoa
(Aug 31, 2020) Zenabis Announces First Shipment to Australia
https://www.hexocorp.com/2020/08/31/zenabis-announces-first-shipment-to-australia/
(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.
(Oct 4, 2018) Molson Coors Canada and HEXO Launch Truss Joint Venture (JV)
https://www.newswire.ca/news-releases/molson-coors-canada-and-hexo-launch-truss-695202311.html
Note: The above is the first of two Joint Ventures between HEXO Corp and Molson Coors for the production and sale of Cannabis Infused Drinks. This specific JV is for the Canadian Market.
Research Links:
Canadian Cannabis Tier 1 Index List (Top Revenue Companies)
https://www.newcannabisventures.com/canadian-cannabis-lp-tier-1-index/
Note: HEXO Corp is a listed as one of the Top LPs
HEXO Press Release Library;
https://www.hexocorp.com/press-releases/
HEXO – Institutional Ownership Information
https://fintel.io/so/us/hexo
HEXO Insider Trading Information (Globe and Mail Report)
https://www.theglobeandmail.com/investing/markets/stocks/HEXO-T/insiders/
HEXO Insider Trading Information (Canadian Insider)
https://www.canadianinsider.com/node/7?menu_tickersearch=HEXO+%7C+HEXO
HEXO - Price to Sales Ratio Data with Sector Comparisons
https://ycharts.com/companies/HEXO.TO/ps_ratio
Note: HEXO Corp trades at a substantial discount to competitors based on it's level of total sales vs it's share count.
HEXO Historical Daily Shareprice Data
https://ca.finance.yahoo.com/quote/HEXO.TO/history/
HEXO Shareprice Moving Average Data
https://www.barchart.com/stocks/quotes/HEXO.TO/technical-analysis
HEXO - Realtime Regular Hours Trading Prices (CDN Dollars)
https://www.theglobeandmail.com/investing/markets/stocks/HEXO-T/
HEXO Live Trading Link, can also be used for Extended Hours Trading (US Dollars)
https://www.marketwatch.com/investing/stock/hexo
HEXO Live Trading Link for German Frankfort Exchange (EUROs)
https://www.marketwatch.com/investing/stock/74ha?countrycode=de&iso=xfra
Daily Exchange Rate Table (Bank of Canada)
https://www.bankofcanada.ca/rates/exchange/daily-exchange-rates/
HomePage Links
HEXO Corp HomePage
https://www.hexocorp.com/
Truss Beverages (HEXO + Molson JV)
https://www.trussbeverages.com/
Truss USA (HEXO + Molson JV)
https://drinktrussusa.com
Truss USA Store Locator
https://drinktrussusa.com/pages/store-locator
Tilray Brands (HEXO Partner)
https://www.tilray.com/
Molson-Coors (HEXO Partner)
https://www.molsoncoors.com/en-CA/av?url=https://www.molsoncoors.com/
Tyson 2.0 Homepage (HEXO Partner – Production of Tyson Products in Canada)
https://tyson20.com/
Entourage Health Corp (HEXO Partner for Supply Agreement)
https://entouragehealthcorp.com/
Warrants
HEXO has several warrants available with some trading under ticker symbols from the companies it acquired. These include: NewStrike Brands, Zenabis Global and 48 North. Actual ticker symbols and calculated present day values of these warrants can be found on The Canadian Warrants Website.
Canadian Warrants Website
https://canadianwarrants.com/values/current.htm#axzz7P4F1atht
Disclaimer: StockHouse user Quinlash holds Long Only positions in HEXO Corp through both shares and options in the Company