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BLACKROCK Municipal Income TRUST > HEXO Company Overview (Feb 2, 2021 Update)

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Comment by quinlashon Feb 03, 2021 1:51pm

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Post# 32460017

RE:HEXO Company Overview (Feb 2, 2021 Update)

quinlash wrote:

quinlash wrote: Re-posting for new readers on the forum

quinlash wrote: 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)
.
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
.
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 14^th, 2020) HEXO - Earnings Call Transcripts (2021 Q1 Report)
https://staticproduction.s3.amazonaws.com/financial-statements/2021/Q1+FY21+Interim+Financial+Statements+FINAL.pdf

(Dec 14^th, 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 14^th, 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