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: (Feb 16, 2021) – HEXO to Acquire Zenabis https://www.globenewswire.com/news-release/2021/02/16/2176435/0/en/HEXO-Corp-to-acquire-Zenabis-Global-Inc.html Taken from News Release: “We're thrilled to welcome the Zenabis team into the HEXO family. Zenabis has built solid relationships and they share HEXO’s vision of bringing exceptional branded cannabis experiences to adults everywhere, in Canada and abroad” said Sebastien St-Louis, CEO and co-founder of HEXO Corp. “We are proceeding with this transaction because we believe it should be accretive for our shareholders, and it also positions HEXO for accelerated domestic and international growth while supporting near-term requirements for additional licensed capacity. HEXO’s growth strategy includes expanding our global presence, and this acquisition is an important step in that direction.” “This is a compelling combination. Our brands and strains strength across Canada, coupled with our international footprint and state of the art low cost and high quality cultivation facilities complements HEXO’s business, creating an industry leader. Like HEXO, Zenabis believes that the combination should deliver meaningful synergies, a stronger financial position with increased flexibility, and should position the combined company to meet growing consumer demand on a national and international basis. I believe this transaction is beneficial to our shareholders, customers, partners, and employees. We look forward to working closely with HEXO to complete this transaction," added Shai Altman, CEO of Zenabis. (Feb 8, 2021) - HEXO Corp appoints General Manager of US operations https://www.globenewswire.com/news-release/2021/02/08/2171186/0/en/HEXO-Corp-appoints-General-Manager-of-US-operations.html
Taken From News Release: “Charlie's extensive experience in commercial growth and operations will be instrumental as we continue to expand our footprint in the US. We are excited to bring such established leadership to the team as we ramp up to support the growth initiatives of Truss CBD USA, our joint venture with Molson Coors, and for potential non-beverage CPG partners with whom we are in ongoing discussions,” said HEXO CEO and co-founder Sebastien St-Louis.” (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
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 20:05 the CEO comments on how Coke, Dwayne Johnson “The Rock” and HEXO are connected. Would recommend watching the entire video from start to finish.
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
Note: HEXO average PS ratio is 55 and has an all time high of 244 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 no later than March 17th, 2021 (as per their homepage)
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.
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 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. Last (non-published communication from HEXO) is that these warrants will have a .01583 conversion being applied for the exercise from warrants to HEXO shares.
Disclosure: Stockhouse User Quinlash recommends HEXO as a BUY and HOLD stock for those with 1 year + trading timeline and for those who can ride out the daily ups and downs seen in the Cannabis Sector. Quinlash holds a long position in both HEXO shares as well as HIP-WT-A