HEXO Stock Overview (Updated Feb 2, 2021)Company Presentations: (Dec 9th, 2020) - Video HEXO Virtually Rolls out New Belleville Facility https://youtu.be/nhTKnCRhzv4 <<<-- A Must Watch ----<<<<<< (Dec 15th, 2020) - Interview with HEXO CEO Regarding 2021 Q1 Earnings - Looking Forward https://finance.yahoo.com/video/hexo-ceo-earnings-cannabis-industry-153825537.html
Recent Company News Releases: (Jan 21, 2021) – HEXO Registers “Powered By HEXO" in the European Union https://www.globenewswire.com/news-release/2021/01/21/2161977/0/en/European-Union-Intellectual-Property-Office-grants-Powered-by-HEXO-registered-trademark-status.html
(Jan 13, 2021) – HEXO Officially Launches Drinks 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
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. Since that date the stock price has more than doubled. All charts, research sites etc are now showing revised pricing based on consolidation ratio (this includes 52 week high / low numbers)
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The new outstanding share count now sits at just
122.6 Million Shares. The CEO notes that he sees
no need to issue further shares to raise funds (see further down in post for quote and link)
Link to share count data: https://stockhouse.com/companies/quote?symbol=t.hexo
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
Dec 14th - 2020 Q1 - Earnings Call Transcript https://news.alphastreet.com/hexo-corp-hexo-q1-2021-earnings-call-transcript/
HEXO’s CEO has been forecasting the company to turn EBITDA positive on the upcoming report in March of 2021
Dec 14th, 2020 - 2021 Q1 QTR Report https://staticproduction.s3.amazonaws.com/financial-statements/2021/Q1+FY21+Interim+Financial+Statements+FINAL.pdf
Note: HEXO's report on Dec 14th, 2020 (the 2021 Q1 Report) showed an
EBITDA gap of only 420k and a record high for sales with their share of the drink market overtaking Canopy Growth despite being on the market for less time.
Link to News Regarding Canopy Growth Head of Drinks Departing and HEXO market share https://420intel.com/articles/2020/12/11/canopy-growth-beverage-head-depart-amid-sluggish-drink-sales
Taken from HEXO 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 Link to full News Release Referencing the No Need to Raise Additional Capital https://www.globenewswire.com/news-release/2020/12/22/2149236/0/en/HEXO-Corp-Announces-Lapse-of-Base-Shelf-Prospectus.html
HEXO is Partnered with Molson-Coors-Beverages to form a JV Company called Truss. They have two JVs with Molson now, one for Canada and one for the US. The Canadian JV is called TRUSS, while the US JV is called TrussCBDusa
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Molson has also
partnered with Coke to rollout a Mexician drink into the US. No mention by Molson or HEXO if something more will develop with Coke for the Cannabis space.
Molson recently teamed up with
Dwayne Johnson (“The Rock”) to sell Energy Drinks
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
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
International Deals: (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
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 - QTR Reports (Also see www.sedar.com for more details) https://www.hexocorp.com/investors/
(Dec 14th, 2020) HEXO - Earnings Call Transcripts (2021 Q1 Report) https://staticproduction.s3.amazonaws.com/financial-statements/2021/Q1+FY21+Interim+Financial+Statements+FINAL.pdf (Dec 14th, 2020) HEXO - 2021 Q1 Call Transcript https://news.alphastreet.com/hexo-corp-hexo-q1-2021-earnings-call-transcript/ Note: HEXO 2021 Q2 Report Expected around March 14th, 2021 Other News: (Feb 2, 2021) - HEXO Book Launch
Link to Book Released on Amazon.CA outlining the story of HEXO (listed as Top-Seller) https://obj.ca/article/local/book-excerpt-billion-dollar-start (Jan 22, 2021) – HEXO issued a recall for three versions of its Vape Pens which affected apx 100,132 pens that were sold in Canada.
Link to Details on Units Recalled, with quantities https://healthycanadians.gc.ca/recall-alert-rappel-avis/hc-sc/2021/74809r-eng.php
No NR was issued for this and the company was quoted as saying the following:
“As an immediate corrective action, Hexo has implemented enhanced third-party hardware approval criteria including the use of an independent third-party accredited lab to assess all devices under consideration,” Shannon McCoy, Hexo vice president of quality, wrote in a statement emailed to MJBizDaily."
"Hexo expects the financial impact of the voluntary recall to be minimal, and well within the normal course of business,” McCoy added, without specifying the exact number of recalled vape pens." Link to Source used for above comments by HEXO Corp https://www.popularhemp.com/2021/01/21/latest-canadian-cannabis-recalls-include-melting-vape-pens-moldy-bud/#:~:text=Hexo%E2%80%99s%20recall%2C%20announced%20Jan.%2012%20by%20the%20Ontario,Saskatchewan%20as%20well%20as%20to%20medical%20cannabis%20clients.
Ways to Trade: HEXO Shares Trade on both the Canadian TSX and US NYSE under the ticker symbol:
HEXO Stock Warrants available for HEXO shares trade on the TSX under ticker symbol:
HIP-WT-A Note: Trading sheets on these warrants may, or may not, be up to date with brokers. Call your broker and/or speak to HEXO to confirm
Disclosure: Stockhouse User Quinlash recommends HEXO and holds long positions in both HEXO shares as well as HIP-WT-A